110 Spring Lake Ct APT 201Vero BeachFL32962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 110 Spring Lake Ct APT 201, Vero Beach, FL, 32962 uses $49,394 cash to close to unlock $1,842/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $1,142/mo, and a $729/mo payment keeps the spread at $153/mo. Purchase price stands at $149,000, and rental yield measures 9.2% with $1,142/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 123.45% and total cumulative return in cash records $60,976. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,142/mo property income covering a $729/mo payment rather than investor’s 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Martin • EXP Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1064571