6024 Indrio Rd APT L8Fort 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 6024 Indrio Rd APT L8, Fort Pierce, FL, 34951 offers a 9.26% rental yield on a $165,000 purchase with $1,273/mo rent. Total monthly income registers $1,273/mo, and a $808/mo payment leaves $178/mo available for distribution. Annual cash flow reaches $2,131/yr on $54,698 to close, and return on cash invested stands at 23.81% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 124.37% and total cumulative return in cash at $68,027. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,273/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
1,001 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: Jacques Chester • Coldwell Banker Residential RE
Mls Name: Realtor Association of Indian River County
Mls ID: #290076