877 Pirates Cove LnHutchinson IslandFL34949
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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 Hutchinson Island at 877 Pirates Cove Ln, Hutchinson Island, FL, 34949 priced at $284,900 converts $2,000/mo rent into $110/mo cash flow after a $1,394/mo obligation. Total monthly income equals $2,000/mo, and annual cash flow totals $1,318/yr on $94,444 invested. Return on cash invested prints 21.3% in year one, and rental yield reads 8.42% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 110.9% and total cumulative return in cash sums $104,735. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,000/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Manufactured
Built in 1981
2,421 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34949, Fort Pierce, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,193 (100%) |
| Owner Occupied HU | 3,681 (51.2%) |
| Renter Occupied HU | 829 (11.5%) |
| Vacant Housing Units | 2,683 (37.3%) |
| Median Home Value | $511,069 |
| Average Home Value | $543,473 |
Housing Distribution
Address Breakdown
Residential
6,777
Single Family
2,843
Multi-Family
3,934
Businesses
96
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Listed by: Mary Rose • RealPropertyHomes.net
Mls Name: BeachesMLS
Mls ID: #F10536753