1135 3rd Ave APT 101Vero BeachFL32960
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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 1135 3rd Ave APT 101, Vero Beach, FL, 32960 offers a 9.31% rental yield on a $179,900 purchase with $1,396/mo rent. Total monthly income registers $1,396/mo, and a $881/mo payment leaves $202/mo available for distribution. Annual cash flow reaches $2,420/yr on $59,637 to close, and return on cash invested stands at 23.97% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 125.21% and total cumulative return in cash at $74,673. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,396/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32960, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,782 (100%) |
| Owner Occupied HU | 5,726 (48.6%) |
| Renter Occupied HU | 4,540 (38.5%) |
| Vacant Housing Units | 1,516 (12.9%) |
| Median Home Value | $326,618 |
| Average Home Value | $410,822 |
Housing Distribution
Address Breakdown
Residential
10,621
Single Family
8,919
Multi-Family
1,702
Businesses
1,871
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Listed by: Melissa M Swanson • Rennick Real Estate
Mls Name: Realtor Association of Indian River County
Mls ID: #290827