8602 Florence DrivePort Saint LucieFL34952
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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 Port Saint Lucie at 8602 Florence Drive, Port Saint Lucie, FL, 34952 offers a 9.5% rental yield on a $163,000 purchase with $1,290/mo rent. Total monthly income registers $1,290/mo, and a $798/mo payment leaves $208/mo available for distribution. Annual cash flow reaches $2,497/yr on $54,035 to close, and return on cash invested stands at 24.53% in year one. Equity gained on principal adds $1,052/yr while 5% annual appreciation supports $45,034 over five years. Portfolio math shows five-year ROI at 128.29% and total cumulative return in cash at $69,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,290/mo property income against a $798/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
2,012 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34952, Port Saint Lucie, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,447 (100%) |
| Owner Occupied HU | 14,963 (66.7%) |
| Renter Occupied HU | 5,163 (23.0%) |
| Vacant Housing Units | 2,321 (10.3%) |
| Median Home Value | $324,511 |
| Average Home Value | $343,350 |
Housing Distribution
Address Breakdown
Residential
21,451
Single Family
18,041
Multi-Family
3,410
Businesses
1,285
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Listed by: Joann Seiler • The Keyes Company - Stuart
Mls Name: BeachesMLS
Mls ID: #RX-11149848