424 SW Ridgecrest DrPort Saint LucieFL34953
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
Rental property for sale in Port Saint Lucie at 424 SW Ridgecrest Dr, Port Saint Lucie, FL, 34953 priced at $520,000 converts $2,686/mo rent into after a $2,545/mo obligation. Total monthly income equals $2,686/mo. Return on cash invested prints 14.7% in year one, and rental yield reads 6.2% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 75.46% and total cumulative return in cash sums $129,095. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,686/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 2020
10,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34953, Port Saint Lucie, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,384 (100%) |
| Owner Occupied HU | 24,892 (81.9%) |
| Renter Occupied HU | 4,777 (15.7%) |
| Vacant Housing Units | 715 ( 2.4%) |
| Median Home Value | $404,077 |
| Average Home Value | $421,658 |
Housing Distribution
Address Breakdown
Residential
30,644
Single Family
30,396
Multi-Family
248
Businesses
520
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A