668 NE Waters Edge LnPort 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
Rental property for sale in Port Saint Lucie at 668 NE Waters Edge Ln, Port Saint Lucie, FL, 34983 priced at $359,000 converts $2,705/mo rent into $323/mo cash flow after a $1,757/mo obligation. Total monthly income equals $2,705/mo, and annual cash flow totals $3,873/yr on $119,009 invested. Return on cash invested prints 23.16% in year one, and rental yield reads 9.04% against a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation compiles into $99,185 by year five. Five-year ROI reaches 120.89% and total cumulative return in cash sums $143,863. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,705/mo property income covering a $1,757/mo payment, not borrower’s personal income.
Townhouse
Built in 2023
2,178 sqft lot
$N/A/sqft
No 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: Shandi Carline • Water Pointe Realty Group
Mls Name: Martin County REALTORS of the Treasure Coast (MCRTC)
Mls ID: #M20053362