404 Sandpiper Drive #DFort PierceFL34982
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 404 Sandpiper Drive #D, Fort Pierce, FL, 34982 in Fort Pierce at $144,900 earns $1,144/mo in rent and nets $182/mo after the $652/mo payment, a 9.47% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $40,033 over five years. Ziffy Mortgage underwrites this on a 1.75 DSCR without U.S. credit history. With $1,335/yr in principal paydown, total projected return reaches $66,949.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 7.5% |
| Monthly Cash Flow | $182 | $250 |
City averages based on Fort Pierce market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,144 |
| Total Monthly Debt Service | $904 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1975
N/A 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
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
Condo
Built in 1975
N/A 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: Linda D. MacCormack • Lang Realty
Mls Name: BeachesMLS
Mls ID: #RX-11122985