391 NE Plantation Rd APT 213StuartFL34996
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 Stuart at 391 NE Plantation Rd APT 213, Stuart, FL, 34996 uses $196,413 cash to close to unlock $36,903/yr annual cash flow and $3,075/mo monthly cash flow. Total monthly income runs $7,986/mo, and a $2,922/mo payment keeps the spread at $3,075/mo. Purchase price stands at $597,000, and rental yield measures 16.05% with $7,986/mo rent. Return on cash invested shows 38.85% in year one, and 5% annual appreciation builds toward $164,940 over five years. Five-year ROI reaches 207.08% and total cumulative return in cash records $406,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,986/mo property income covering a $2,922/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
$949 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34996, Stuart, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,622 (100%) |
| Owner Occupied HU | 4,887 (56.7%) |
| Renter Occupied HU | 1,221 (14.2%) |
| Vacant Housing Units | 2,514 (29.2%) |
| Median Home Value | $489,225 |
| Average Home Value | $756,943 |
Housing Distribution
Address Breakdown
Residential
7,505
Single Family
4,194
Multi-Family
3,311
Businesses
389
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn Barbati • Beach Front Mann Realty/Stuart
Mls Name: Martin County REALTORS of the Treasure Coast (MCRTC)
Mls Provider:
Mls ID: #M20044799
Disclaimer: The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2024 Realtor Association of Martin County, Inc. MLS. All rights reserved.