602 NE Waters Edge Lane #2201Pt Saint LucieFL34983
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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 Pt Saint Lucie at 602 NE Waters Edge Lane #2201, Pt Saint Lucie, FL, 34983 uses $126,633 cash to close to unlock $7,148/yr annual cash flow and $596/mo monthly cash flow. Total monthly income runs $3,430/mo, and a $1,870/mo payment keeps the spread at $596/mo. Purchase price stands at $382,000, and rental yield measures 10.77% with $3,430/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $105,540 over five years. Five-year ROI reaches 134.73% and total cumulative return in cash records $170,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,430/mo property income covering a $1,870/mo payment rather than investor’s personal income.
Townhouse
Built in 2023
3,485 sqft lot
$N/A/sqft
$299 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34983, Port Saint Lucie, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,755 (100%) |
| Owner Occupied HU | 13,828 (77.9%) |
| Renter Occupied HU | 3,111 (17.5%) |
| Vacant Housing Units | 816 ( 4.6%) |
| Median Home Value | $389,714 |
| Average Home Value | $417,182 |
Housing Distribution
Address Breakdown
Residential
17,697
Single Family
17,371
Multi-Family
326
Businesses
403
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Listed by: Shannon Walsh • Realty One Group Engage
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11051169
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 2025 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.