1170 6th Ave APT 8BVero 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 1170 6th Ave APT 8B, Vero Beach, FL, 32960 uses $77,869 cash to close to unlock $5,411/yr annual cash flow and $451/mo monthly cash flow. Total monthly income runs $2,010/mo, and a $1,150/mo payment keeps the spread at $451/mo. Purchase price stands at $234,900, and rental yield measures 10.27% with $2,010/mo rent. Return on cash invested shows 26.86% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 140.69% and total cumulative return in cash records $109,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,010/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Condo
Built in 1980
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: Randy Hamrick Jr • Billero & Billero Properties
Mls Name: Realtor Association of Indian River County
Mls ID: #289700