502 Sea Spray DrFort PierceFL34945
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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 502 Sea Spray Dr, Fort Pierce, FL, 34945 priced at $354,430 converts $1,200/mo rent into after a $1,735/mo obligation. Total monthly income equals $1,200/mo. Return on cash invested prints 8.14% in year one, and rental yield reads 4.06% against a $354,430 entry. Equity gained on principal adds $2,287/yr, while 5% annual appreciation compiles into $97,922 by year five. Five-year ROI reaches 40.31% and total cumulative return in cash sums $47,365. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,200/mo property income covering a $1,735/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34945, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,375 (100%) |
| Owner Occupied HU | 1,876 (79.0%) |
| Renter Occupied HU | 196 ( 8.3%) |
| Vacant Housing Units | 303 (12.8%) |
| Median Home Value | $435,497 |
| Average Home Value | $503,292 |
Housing Distribution
Address Breakdown
Residential
2,324
Single Family
2,269
Multi-Family
55
Businesses
265
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Listed by: Online Sales Concierge - Morningside • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A