196 21st AveVero BeachFL32962
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 196 21st Ave, Vero Beach, FL, 32962 in Vero Beach speaks for itself: 15.92% gross on a $245,000 price, generating $3,250/mo in rent and $1,624/mo in net income after the $1,102/mo debt service. DSCR 2.95, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $19,485 stacks alongside $67,689 in projected five-year appreciation and $2,256/yr in principal reduction. Projected total cumulative return: $197,896.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.9% | 8.0% |
| Monthly Cash Flow | $1,624 | $1,500 |
City averages based on Vero Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,250 |
| Total Monthly Debt Service | $1,528 |
| DSCR Ratio | 2.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1976
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32962, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,465 (100%) |
| Owner Occupied HU | 9,263 (68.8%) |
| Renter Occupied HU | 2,518 (18.7%) |
| Vacant Housing Units | 1,684 (12.5%) |
| Median Home Value | $325,838 |
| Average Home Value | $442,386 |
Housing Distribution
Address Breakdown
Residential
12,787
Single Family
10,412
Multi-Family
2,375
Businesses
475
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1976
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32962, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,465 (100%) |
| Owner Occupied HU | 9,263 (68.8%) |
| Renter Occupied HU | 2,518 (18.7%) |
| Vacant Housing Units | 1,684 (12.5%) |
| Median Home Value | $325,838 |
| Average Home Value | $442,386 |
Housing Distribution
Address Breakdown
Residential
12,787
Single Family
10,412
Multi-Family
2,375
Businesses
475
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marissa L Young • Dale Sorensen Real Estate Inc.
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #287683
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.