5427 Place Lake DriveFort PierceFL34951
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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
Investment property for sale in Fort Pierce at 5427 Place Lake Drive, Fort Pierce, FL, 34951 uses $104,389 cash to close to unlock $3,103/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $2,348/mo, and a $1,541/mo payment keeps the spread at $259/mo. Purchase price stands at $314,900, and rental yield measures 8.95% with $2,348/mo rent. Return on cash invested shows 22.88% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 119.37% and total cumulative return in cash records $124,606. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,348/mo property income covering a $1,541/mo payment rather than investor’s personal income.
Single Family
Built in 2005
6,926 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34951, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,787 (100%) |
| Owner Occupied HU | 6,650 (75.7%) |
| Renter Occupied HU | 1,126 (12.8%) |
| Vacant Housing Units | 1,011 (11.5%) |
| Median Home Value | $320,045 |
| Average Home Value | $288,155 |
Housing Distribution
Address Breakdown
Residential
8,373
Single Family
8,373
Multi-Family
0
Businesses
168
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Listed by: Peter White • RE/MAX Gold
Mls Name: BeachesMLS
Mls ID: #RX-11151943