107 Springlake Ct #207Vero 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 107 Springlake Ct #207, Vero Beach, FL, 32962 earns $174/mo cash flow from $1,362/mo rent with a $876/mo payment. Total monthly income totals $1,362/mo, and annual cash flow totals $2,091/yr on $59,339 capital. ROI tracks 23.43% on current figures, and rental yield reads 9.13% at a $179,000 purchase. Equity gained on principal adds $1,155/yr, and 5% annual appreciation supports $49,454 over five years. Five-year ROI reaches 122.39% and total cumulative return in cash sums $72,627. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,362/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No 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: Elliott C. Grozan • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1054435