408 Sandpiper Dr UNIT BFort PierceFL34982
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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 408 Sandpiper Dr UNIT B, Fort Pierce, FL, 34982 priced at $127,500 converts $1,111/mo rent into after a $624/mo obligation. Total monthly income equals $1,111/mo. Return on cash invested prints 13.06% in year one, and rental yield reads 10.46% against a $127,500 entry. Equity gained on principal adds $823/yr, while 5% annual appreciation compiles into $35,226 by year five. Five-year ROI reaches 71.94% and total cumulative return in cash sums $30,406. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,111/mo property income covering a $624/mo payment, not borrower’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$506 monthly 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
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Listed by: Danielle Cain • Watson Realty Corp
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #F10457199
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.