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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Vero Beach at 1285 16th Ave SW, Vero Beach, FL, 32962 priced at $300,000 converts $2,814/mo rent into $824/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,814/mo, and annual cash flow totals $9,882/yr on $99,450 invested. Return on cash invested prints 29.85% in year one, and rental yield reads 11.26% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 156.72% and total cumulative return in cash sums $155,856. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,814/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2006
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 32962, Vero Beach, FL area.
| 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 |
Residential
12,787
Single Family
10,412
Multi-Family
2,375
Businesses
475
Date | Event | Price |
|---|---|---|
| 2020-09-18 | Sold | $184,000 |
| 2020-07-29 | Listed for sale | $188,000 |
| 2020-05-06 | Sold | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | $1435.29 | 3.31% | $128,655 | 3.00% |
| 2022-08-30 | $1389.34 | 1.90% | $124,908 | 3.00% |
| 2021-08-30 | $1363.48 | -23.95% | $121,270 | 1.10% |
Listed by: Kelly Fischer • One Sotheby's Int'l Realty
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #280454
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.
