23 S Harbor Dr #23Vero BeachFL32960
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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
Rental property for sale in Vero Beach at 23 S Harbor Dr #23, Vero Beach, FL, 32960 priced at $219,000 converts $1,480/mo rent into after a $1,072/mo obligation. Total monthly income equals $1,480/mo. Return on cash invested prints -2.07% in year one, and rental yield reads 8.11% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,480/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Manufactured
Built in 2007
N/A lot
$N/A/sqft
$1,356 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32960, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,782 (100%) |
| Owner Occupied HU | 5,726 (48.6%) |
| Renter Occupied HU | 4,540 (38.5%) |
| Vacant Housing Units | 1,516 (12.9%) |
| Median Home Value | $326,618 |
| Average Home Value | $410,822 |
Housing Distribution
Address Breakdown
Residential
10,621
Single Family
8,919
Multi-Family
1,702
Businesses
1,871
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Listed by: Ines Diaz • Indian River Home Sales
Mls Name: NY State MLS
Mls ID: #11457354