7603 Penny LnFort PierceFL34951
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
Investment Highlights
Investment property for sale in Fort Pierce at 7603 Penny Ln, Fort Pierce, FL, 34951 offers a 10.65% rental yield on a $269,900 purchase with $2,395/mo rent. Total monthly income registers $2,395/mo, and a $1,321/mo payment leaves $604/mo available for distribution. Annual cash flow reaches $7,247/yr on $89,472 to close, and return on cash invested stands at 28.01% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 146.85% and total cumulative return in cash at $131,394. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,395/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.27 Acres 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: Cheryl Kypreos • HomeSmart
Mls Name: MIAMI
Mls ID: #A11856988