1465 24th Pl SW UNIT 4Vero BeachFL32962
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1465 24th Pl SW UNIT 4, Vero Beach, FL, 32962 uses $91,163 cash to close to unlock $2,001/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $2,069/mo, and a $1,346/mo payment keeps the spread at $167/mo. Purchase price stands at $275,000, and rental yield measures 9.03% with $2,069/mo rent. Return on cash invested shows 22.1% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 115.56% and total cumulative return in cash records $105,347. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,069/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1981
10,018 sqft lot
$N/A/sqft
$34 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anjoel O Wright • Compass Florida LLC
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #284193
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.