1155 16th Ave SWVero 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 1155 16th Ave SW, Vero Beach, FL, 32962 generates $1,761/mo in rent and, after a $976/mo payment, leaves $438/mo in cash flow. Total monthly income is $1,761/mo, and annual cash flow is $5,250/yr on $66,134 invested. Return on cash invested sits at 27.85% in year one, and rental yield is 10.59% on a $199,500 entry. Equity gained on principal adds $1,287/yr, while 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 146.02% and total cumulative return in cash sums $96,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,761/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
5,000 sqft 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
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Listed by: Joseph P Schlitt • Douglas Elliman Florida LLC
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #284941
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.