1550 S 42nd Cir APT 210Vero BeachFL32967
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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 1550 S 42nd Cir APT 210, Vero Beach, FL, 32967 uses $66,267 cash to close to unlock $7,846/yr annual cash flow and $654/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $978/mo payment keeps the spread at $654/mo. Purchase price stands at $199,900, and rental yield measures 11.89% with $1,980/mo rent. Return on cash invested shows 31.75% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 166.91% and total cumulative return in cash records $110,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $978/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32967, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,975 (100%) |
| Owner Occupied HU | 9,875 (70.7%) |
| Renter Occupied HU | 2,571 (18.4%) |
| Vacant Housing Units | 1,529 (10.9%) |
| Median Home Value | $436,604 |
| Average Home Value | $497,904 |
Housing Distribution
Address Breakdown
Residential
12,707
Single Family
11,130
Multi-Family
1,577
Businesses
362
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Listed by: Jonathan Arsenault • One Sotheby's Int'l Realty
Mls Name: Realtor Association of Indian River County
Mls ID: #290577