105 Spring Lake CtVero BeachFL32962
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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 Vero Beach at 105 Spring Lake Ct, Vero Beach, FL, 32962 priced at $159,900 converts $2,975/mo rent into $1,292/mo cash flow after a $783/mo obligation. Total monthly income equals $2,975/mo, and annual cash flow totals $15,498/yr on $53,007 invested. Return on cash invested prints 49.15% in year one, and rental yield reads 22.33% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 265.36% and total cumulative return in cash sums $140,658. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,975/mo property income covering a $783/mo payment, not borrower’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$622 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32962, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,465 (100%) |
| Owner Occupied HU | 9,263 (68.8%) |
| Renter Occupied HU | 2,518 (18.7%) |
| Vacant Housing Units | 1,684 (12.5%) |
| Median Home Value | $325,838 |
| Average Home Value | $442,386 |
Housing Distribution
Address Breakdown
Residential
12,787
Single Family
10,412
Multi-Family
2,375
Businesses
475
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Listed by: Joshua DiBiasio • Billero & Billero Properties
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11012126
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2024 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.