106 Spring Lake Ct APT 201Vero 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 106 Spring Lake Ct APT 201, Vero Beach, FL, 32962 generates $2,975/mo in rent and, after a $827/mo payment, leaves $1,146/mo in cash flow. Total monthly income is $2,975/mo, and annual cash flow is $13,756/yr on $56,024 invested. Return on cash invested sits at 44.46% in year one, and rental yield is 21.12% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 240.64% and total cumulative return in cash sums $134,815. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,975/mo property income rather than buyer’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$669 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: Carolyn Mac Evoy • Mac Evoy Real Estate Co
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11012422
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.