1850 Bay Rd #PENTHOUSE EVero 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 1850 Bay Rd #PENTHOUSE E, Vero Beach, FL, 32963 with 5% annual appreciation on a $595,000 basis while $5,256/mo rent supports operations. Total monthly income totals $5,256/mo and a $2,912/mo payment preserves $276/mo for cash returns. Annual cash flow comes to $3,309/yr on $195,755 deployed, and return on cash invested reaches 21.75% in year one. Equity gained on principal adds $3,839/yr, and five-year appreciation sums $164,388 alongside rental yield of 10.6%. Five-year ROI measures 115.56% and total cumulative return in cash totals $226,214.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,256/mo property income versus a $2,912/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1981
N/A lot
$N/A/sqft
$1,032 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: #283057
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.