355 S Ocean Drive #303Fort PierceFL34949
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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
Rental property for sale in Fort Pierce at 355 S Ocean Drive #303, Fort Pierce, FL, 34949 generates $3,607/mo in rent and, after a $2,294/mo payment, leaves $497/mo in cash flow. Total monthly income is $3,607/mo, and annual cash flow is $5,960/yr on $155,374 invested. Return on cash invested sits at 23.74% in year one, and rental yield is 9.23% on a $468,700 entry. Equity gained on principal adds $3,024/yr, while 5% annual appreciation builds toward $129,493 over five years. Five-year ROI reaches 124% and total cumulative return in cash sums $192,657. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,607/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34949, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,193 (100%) |
| Owner Occupied HU | 3,681 (51.2%) |
| Renter Occupied HU | 829 (11.5%) |
| Vacant Housing Units | 2,683 (37.3%) |
| Median Home Value | $511,069 |
| Average Home Value | $543,473 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
2,843
Multi-Family
3,934
Businesses
96
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Listed by: Kathy L Gagnon • Real Estate Expo Inc
Mls Name: BeachesMLS
Mls ID: #RX-11128641