497 River PradoFort PierceFL34946
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Fort Pierce at 497 River Prado, Fort Pierce, FL, 34946 projects strong ROI of 1.47%. Rental yield 1.98%. With 5% annual appreciation, the property builds $580,191 in value over five years. Equity growth combined delivers a projected five-year ROI of 21.31%, translating into $126,425 in total cumulative return on $593,250 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2% | 7.5% |
| Monthly Cash Flow | $(10,473) | $250 |
City averages based on Fort Pierce market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,463 |
| Total Monthly Debt Service | $13,100 |
| DSCR Ratio | 0.26x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1964
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34946, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,223 (100%) |
| Owner Occupied HU | 1,611 (50.0%) |
| Renter Occupied HU | 975 (30.3%) |
| Vacant Housing Units | 637 (19.8%) |
| Median Home Value | $110,929 |
| Average Home Value | $217,946 |
Housing Distribution
Address Breakdown
Residential
2,815
Single Family
2,815
Multi-Family
0
Businesses
279
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
Single Family
Built in 1964
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34946, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,223 (100%) |
| Owner Occupied HU | 1,611 (50.0%) |
| Renter Occupied HU | 975 (30.3%) |
| Vacant Housing Units | 637 (19.8%) |
| Median Home Value | $110,929 |
| Average Home Value | $217,946 |
Housing Distribution
Address Breakdown
Residential
2,815
Single Family
2,815
Multi-Family
0
Businesses
279
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mazie Regan • One Sotheby's Int'l Realty
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #298408
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.