1137 Governors WayVero BeachFL32963
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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 1137 Governors Way, Vero Beach, FL, 32963 with 5% annual appreciation on a $860,000 basis while $3,691/mo rent supports operations. 51% in year one. Equity gained on principal adds $5,549/yr, and five-year appreciation sums $237,602 alongside rental yield of 5.15%. Five-year ROI measures 58.37% and total cumulative return in cash totals $165,161. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,691/mo property income versus a $4,209/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2003
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32963, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,433 (100%) |
| Owner Occupied HU | 8,221 (66.1%) |
| Renter Occupied HU | 680 ( 5.5%) |
| Vacant Housing Units | 3,532 (28.4%) |
| Median Home Value | $956,011 |
| Average Home Value | $1,205,867 |
Housing Distribution
Address Breakdown
Residential
11,346
Single Family
8,108
Multi-Family
3,238
Businesses
496
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Listed by: Matilde G Sorensen • Dale Sorensen Real Estate Inc.
Mls Name: Realtor Association of Indian River County
Mls ID: #290289