1123 38th Ave SWVero BeachFL32968
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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 1123 38th Ave SW, Vero Beach, FL, 32968 listed at $300,000 pairs $2,445/mo rent with a $1,468/mo payment to leave $455/mo cash flow. Total monthly income runs $2,445/mo, and annual cash flow reaches $5,454/yr on $99,450 cash to close. Return on cash invested measures 25.39% in year one, and rental yield registers 9.78% at a $300,000 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 132.86% and total cumulative return in cash totals $132,132. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,445/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
9,147 sqft lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 32968, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,686 (100%) |
| Owner Occupied HU | 5,590 (83.6%) |
| Renter Occupied HU | 743 (11.1%) |
| Vacant Housing Units | 353 ( 5.3%) |
| Median Home Value | $438,062 |
| Average Home Value | $528,046 |
Housing Distribution
Address Breakdown
Residential
6,770
Single Family
6,734
Multi-Family
36
Businesses
194
Price History
Date | Event | Price |
|---|---|---|
| 2025-01-14 | Listed for sale | $300,000 |
| 2015-09-11 | Sold | $60,000 |
| 2015-03-07 | Listing removed | $65,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $1204.17 | 3.56% | $113,490 | 3.00% |
| 2022-02-13 | $1162.80 | 2.00% | $110,184 | 3.00% |
| 2021-02-13 | $1140.01 | 6.27% | $106,975 | 4.85% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1978
- Architectural Style: One Story
- Building Area: N/A
- Living Area: 1,478 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Ceiling Fan(s), Electric
- Flooring: Laminate, Tile
- Interior Features: N/A
- Exterior Features: Fence
- Parking Features: Driveway
Location
- City: Vero Beach
- State: FL
- Subdivision: Grovenor Estates
- Lot Size: 9,147 sqft
- Lot Features: Few Trees, < 1/4 Acre
- View: Garden
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Kelly Fischer • One Sotheby's Int'l Realty
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #283577
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.