106 Springlake 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
Investment property for sale in Vero Beach at 106 Springlake Ct, Vero Beach, FL, 32962 with 5% annual appreciation on a $155,800 basis while $1,376/mo rent supports operations. 85% in year one. Equity gained on principal adds $1,005/yr, and five-year appreciation sums $43,045 alongside rental yield of 10.6%. Five-year ROI measures 71.1% and total cumulative return in cash totals $36,723. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,376/mo property income versus a $763/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Kevin Crofton • Alex MacWilliam, Inc.
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #283461
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.