108 Spring Lake Court #203Vero 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 108 Spring Lake Court #203, Vero Beach, FL, 32962 offers a 9.38% rental yield on a $100,000 purchase with $782/mo rent. Total monthly income registers $782/mo, and a $489/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,426/yr on $33,150 to close, and return on cash invested stands at 24.21% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 126.49% and total cumulative return in cash at $41,932. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $782/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Bogdan S Bryk • Coldwell Banker Paradise
Mls Name: BeachesMLS
Mls ID: #RX-11137185