5648 Spanish River RdFort PierceFL34951
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe headline number at 5648 Spanish River Rd, Fort Pierce, FL, 34951 in Fort Pierce is the 1.78 coverage ratio: rent of $2,718/mo versus a $1,529/mo debt payment on a $340,000 property. Rental yield 8.17%. That margin is what gives Ziffy Mortgage's DSCR loan the coverage it needs for a clean, fast approval, no W-2s, no U.S. residency. Appreciation at 5%/yr projects $93,936 by year five, with $3,131/yr in equity from paydown. Total projected cumulative return: $124,727.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.5% |
| Monthly Cash Flow | $(487) | $250 |
City averages based on Fort Pierce market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,718 |
| Total Monthly Debt Service | $2,697 |
| DSCR Ratio | 1.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
$175 monthly 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
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
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
$175 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael J Rossi • Billero & Billero Properties
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #289795
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.