2024 Albany Terrace SWVero BeachFL32968
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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 2024 Albany Terrace SW, Vero Beach, FL, 32968 with 5% annual appreciation on a $510,000 basis while $3,473/mo rent supports operations. Total monthly income totals $3,473/mo and a $2,496/mo payment preserves $89/mo for cash returns. Annual cash flow comes to $1,065/yr on $167,790 deployed, and return on cash invested reaches 20.69% in year one. Equity gained on principal adds $3,291/yr, and five-year appreciation sums $140,904 alongside rental yield of 8.17%. Five-year ROI measures 107.62% and total cumulative return in cash totals $180,567.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,473/mo property income versus a $2,496/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32968, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,686 (100%) |
| Owner Occupied HU | 5,590 (83.6%) |
| Renter Occupied HU | 743 (11.1%) |
| Vacant Housing Units | 353 ( 5.3%) |
| Median Home Value | $438,062 |
| Average Home Value | $528,046 |
Housing Distribution
Address Breakdown
Residential
6,770
Single Family
6,734
Multi-Family
36
Businesses
194
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Listed by: Karl Taylor • Redfin Corporation
Mls Name: BeachesMLS
Mls ID: #RX-11126655