12 Vista Gardens Trl APT 101Vero 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
Investment property for sale in Vero Beach at 12 Vista Gardens Trl APT 101, Vero Beach, FL, 32962 offers a 9.37% rental yield on a $189,500 purchase with $1,480/mo rent. Total monthly income registers $1,480/mo, and a $928/mo payment leaves $222/mo available for distribution. Annual cash flow reaches $2,663/yr on $62,819 to close, and return on cash invested stands at 24.15% in year one. Equity gained on principal adds $1,223/yr while 5% annual appreciation supports $52,355 over five years. Portfolio math shows five-year ROI at 126.15% and total cumulative return in cash at $79,247. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,480/mo property income against a $928/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A 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: Nancy M Carty • RE/MAX Crown Realty VB
Mls Name: Realtor Association of Indian River County
Mls ID: #293116