5294 Compass Cove PlaceFort PierceFL34949
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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 5294 Compass Cove Place, Fort Pierce, FL, 34949 priced at $265,000 converts $2,566/mo rent into $807/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,566/mo, and annual cash flow totals $9,690/yr on $87,848 invested. Return on cash invested prints 30.94% in year one, and rental yield reads 11.62% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 162.61% and total cumulative return in cash sums $142,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,566/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34949, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,193 (100%) |
| Owner Occupied HU | 3,681 (51.2%) |
| Renter Occupied HU | 829 (11.5%) |
| Vacant Housing Units | 2,683 (37.3%) |
| Median Home Value | $511,069 |
| Average Home Value | $543,473 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
2,843
Multi-Family
3,934
Businesses
96
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Listed by: Anthony Addorisio • Real Broker, LLC
Mls Name: BeachesMLS
Mls ID: #RX-11107232