2333 Indian River Blvd APT 101Vero 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
Investment property for sale in Vero Beach at 2333 Indian River Blvd APT 101, Vero Beach, FL, 32960 uses $65,803 cash to close to unlock $1,738/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $2,010/mo, and a $972/mo payment keeps the spread at $145/mo. Purchase price stands at $198,500, and rental yield measures 12.15% with $2,010/mo rent. Return on cash invested shows 22.55% in year one, and 5% annual appreciation builds toward $54,842 over five years. Five-year ROI reaches 121.22% and total cumulative return in cash records $79,769. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,010/mo property income covering a $972/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$517 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: Charlotte N Terry • Alex MacWilliam, Inc.
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #279189
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.