3419 W Lake DriveFort PierceFL34982
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fort Pierce at 3419 W Lake Drive, Fort Pierce, FL, 34982 offers a 11.18% rental yield on a $309,800 purchase with $2,886/mo rent. Total monthly income registers $2,886/mo, and a $1,516/mo payment leaves $830/mo available for distribution. Annual cash flow reaches $9,965/yr on $102,699 to close, and return on cash invested stands at 29.61% in year one. Equity gained on principal adds $1,999/yr while 5% annual appreciation supports $85,592 over five years. Portfolio math shows five-year ROI at 155.49% and total cumulative return in cash at $159,689. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,886/mo property income against a $1,516/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34982, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,995 (100%) |
| Owner Occupied HU | 7,791 (65.0%) |
| Renter Occupied HU | 3,315 (27.6%) |
| Vacant Housing Units | 889 ( 7.4%) |
| Median Home Value | $348,376 |
| Average Home Value | $373,631 |
Housing Distribution
Address Breakdown
Residential
11,555
Single Family
10,815
Multi-Family
740
Businesses
739
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamara Celeste • Sweet Life Realty Group
Mls Name: BeachesMLS
Mls ID: #RX-11134879