7406 Salerno RoadFort PierceFL34951
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 7406 Salerno Road, Fort Pierce, FL, 34951 in Fort Pierce: $2,842/mo in rent, $413/mo in net income, 9.32% gross yield, 1.73 DSCR, all at $366,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $101,119 in appreciation and $3,371/yr in principal paydown projects total cumulative return of $166,073.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.5% |
| Monthly Cash Flow | $413 | $250 |
City averages based on Fort Pierce market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,842 |
| Total Monthly Debt Service | $2,283 |
| DSCR Ratio | 1.24x |
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 1976
N/A 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
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 1976
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BeachesMLS
Mls ID: #RX-11142921