2218 1st Ave SEVero BeachFL32962
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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 2218 1st Ave SE, Vero Beach, FL, 32962 offers a 9.56% rental yield on a $179,900 purchase with $1,433/mo rent. Total monthly income registers $1,433/mo, and a $881/mo payment leaves $239/mo available for distribution. Annual cash flow reaches $2,864/yr on $59,637 to close, and return on cash invested stands at 24.71% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 129.2% and total cumulative return in cash at $77,049. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,433/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
6,660 sqft 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
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Listed by: Ryan Powell • EXP Realty, LLC
Mls Name: Realtor Association of Indian River County
Mls ID: #290989