522 Hemingway TerraceFort 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 522 Hemingway Terrace, Fort Pierce, FL, 34982 offers $836/mo rent that, after a $513/mo payment, leaves $140/mo cash flow. Total monthly income is $836/mo, and annual cash flow is $1,684/yr on $34,774 cash. Return on cash invested measures 24.75% in year one, and rental yield stands at 9.56% at a $104,900 entry. Equity gained on principal adds $677/yr while 5% annual appreciation compounds into $28,982 by year five. Five-year ROI records 129.49% and total cumulative return in cash reaches $45,030. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $836/mo property income versus a $513/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1987
5,663 sqft lot
$N/A/sqft
No 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: Marci Whitley • RE/MAX Gold
Mls Name: BeachesMLS
Mls ID: #RX-11157506