1851 77th Dr #1851Vero BeachFL32966
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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 1851 77th Dr #1851, Vero Beach, FL, 32966 uses $79,527 cash to close to unlock $1,022/yr annual cash flow and $85/mo monthly cash flow. Total monthly income runs $1,677/mo, and a $1,174/mo payment keeps the spread at $85/mo. Purchase price stands at $239,900, and rental yield measures 8.39% with $1,677/mo rent. Return on cash invested shows 21.19% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 110.36% and total cumulative return in cash records $87,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,677/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32966, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,226 (100%) |
| Owner Occupied HU | 8,550 (64.6%) |
| Renter Occupied HU | 2,846 (21.5%) |
| Vacant Housing Units | 1,830 (13.8%) |
| Median Home Value | $357,762 |
| Average Home Value | $357,344 |
Housing Distribution
Address Breakdown
Residential
12,426
Single Family
8,196
Multi-Family
4,230
Businesses
484
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Listed by: Barb Taylor • Coldwell Banker Residential RE
Mls Name: Realtor Association of Indian River County
Mls ID: #293877