1221 18th Avenue 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
Investment property for sale in Vero Beach at 1221 18th Avenue SW, Vero Beach, FL, 32962 uses $69,613 cash to close to unlock $1,311/yr annual cash flow and $109/mo monthly cash flow. Total monthly income runs $1,503/mo, and a $1,028/mo payment keeps the spread at $109/mo. Purchase price stands at $209,995, and rental yield measures 8.59% with $1,503/mo rent. Return on cash invested shows 21.79% in year one, and 5% annual appreciation builds toward $58,018 over five years. Five-year ROI reaches 113.58% and total cumulative return in cash records $79,070. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,503/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1999
4,792 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: Norris Bishop • Norris Bishop Realty Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11155541