1915 47th AveVero 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 1915 47th Ave, Vero Beach, FL, 32966 offers a 8.32% rental yield on a $320,000 purchase with $2,219/mo rent. Total monthly income registers $2,219/mo, and a $1,566/mo payment leaves $96/mo available for distribution. Annual cash flow reaches $1,148/yr on $106,080 to close, and return on cash invested stands at 20.99% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 109.23% and total cumulative return in cash at $115,875. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,219/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
9,583 sqft 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: Marcie W Bolt • Engel&Voelkers Melb Beachside
Mls Name: Space Coast AOR
Mls ID: #1058937