519 Crooked Lake Lane #BFort PierceFL34982
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
Investment property for sale in Fort Pierce at 519 Crooked Lake Lane #B, Fort Pierce, FL, 34982 offers a 16.83% rental yield on a $159,900 purchase with $2,242/mo rent. Total monthly income registers $2,242/mo, and a $783/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,124/yr on $53,007 to close, and return on cash invested stands at 31.46% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 170.96% and total cumulative return in cash at $90,618. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,242/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
$578 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Helen Moro • Berkshire Hathaway Florida Realty
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10973828
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 2024 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.