1 Plantation Dr APT 202Vero BeachFL32966
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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 Vero Beach at 1 Plantation Dr APT 202, Vero Beach, FL, 32966 with 5% annual appreciation on a $174,500 basis while $1,402/mo rent supports operations. Total monthly income totals $1,402/mo and a $854/mo payment preserves $244/mo for cash returns. Annual cash flow comes to $2,929/yr on $57,847 deployed, and return on cash invested reaches 24.97% in year one. Equity gained on principal adds $1,126/yr, and five-year appreciation sums $48,211 alongside rental yield of 9.64%. Five-year ROI measures 130.66% and total cumulative return in cash totals $75,582.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,402/mo property income versus a $854/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32966, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,226 (100%) |
| Owner Occupied HU | 8,550 (64.6%) |
| Renter Occupied HU | 2,846 (21.5%) |
| Vacant Housing Units | 1,830 (13.8%) |
| Median Home Value | $357,762 |
| Average Home Value | $357,344 |
Housing Distribution
Address Breakdown
Residential
12,426
Single Family
8,196
Multi-Family
4,230
Businesses
484
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Listed by: Diane Litzinger • RE/MAX Crown Realty VB
Mls Name: Realtor Association of Indian River County
Mls ID: #293684