1815 Mooringline Dr PENTHOUSE FVero 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
Rental property for sale in Vero Beach at 1815 Mooringline Dr PENTHOUSE F, Vero Beach, FL, 32963 priced at $524,000 converts $6,600/mo rent into $2,122/mo cash flow after a $2,565/mo obligation. Total monthly income equals $6,600/mo, and annual cash flow totals $25,468/yr on $172,396 invested. Return on cash invested prints 34.83% in year one, and rental yield reads 15.11% against a $524,000 entry. Equity gained on principal adds $3,381/yr, while 5% annual appreciation compiles into $144,772 by year five. Five-year ROI reaches 185.97% and total cumulative return in cash sums $320,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,600/mo property income covering a $2,565/mo payment, not borrower’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
$1,000 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: Daina V Bertrand • The Moorings Realty Sales Co.
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #272109
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.