1700 Ocean Drive #202Vero BeachFL32963
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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 1700 Ocean Drive #202, Vero Beach, FL, 32963 listed at $955,000 pairs $3,974/mo rent with a $4,674/mo payment. Total monthly income runs $3,974/mo. Return on cash invested measures 7.49% in year one, and rental yield registers 4.99% at a $955,000 basis. Equity gained on principal adds $6,162/yr, and annual property appreciation at 5% supports $263,849 by year five. Five-year ROI tracks 38.06% and total cumulative return in cash totals $119,591. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,974/mo property income relative to a $4,674/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
N/A lot
$N/A/sqft
$929 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32963, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,433 (100%) |
| Owner Occupied HU | 8,221 (66.1%) |
| Renter Occupied HU | 680 ( 5.5%) |
| Vacant Housing Units | 3,532 (28.4%) |
| Median Home Value | $956,011 |
| Average Home Value | $1,205,867 |
Housing Distribution
Address Breakdown
Residential
11,346
Single Family
8,108
Multi-Family
3,238
Businesses
496
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Listed by: Tyler Faoro • Keller Williams Realty of VB
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11065833
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.