108 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 108 Spring Lake Ct, Vero Beach, FL, 32962 offers $1,740/mo rent that, after a $494/mo payment, leaves $622/mo cash flow. Total monthly income is $1,740/mo, and annual cash flow is $7,465/yr on $33,482 cash. Return on cash invested measures 42.21% in year one, and rental yield stands at 20.67% at a $101,000 entry. Equity gained on principal adds $652/yr while 5% annual appreciation compounds into $27,904 by year five. Five-year ROI records 228.97% and total cumulative return in cash reaches $76,662. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,740/mo property income versus a $494/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
$448 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: Michelle L Moss • Compass Florida LLC
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #282327
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.