2340 84th TerVero BeachFL32966
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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 2340 84th Ter, Vero Beach, FL, 32966 uses $108,493 cash to close to unlock $9,936/yr annual cash flow and $828/mo monthly cash flow. Total monthly income runs $3,000/mo, and a $1,602/mo payment keeps the spread at $828/mo. Purchase price stands at $327,279, and rental yield measures 11% with $3,000/mo rent. Return on cash invested shows 29.07% in year one, and 5% annual appreciation builds toward $90,421 over five years. Five-year ROI reaches 152.53% and total cumulative return in cash records $165,488. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,000/mo property income covering a $1,602/mo payment rather than investor’s personal income.
Single Family
Built in 2025
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32966, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,226 (100%) |
| Owner Occupied HU | 8,550 (64.6%) |
| Renter Occupied HU | 2,846 (21.5%) |
| Vacant Housing Units | 1,830 (13.8%) |
| Median Home Value | $357,762 |
| Average Home Value | $357,344 |
Housing Distribution
Address Breakdown
Residential
12,426
Single Family
8,196
Multi-Family
4,230
Businesses
484
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Listed by: Richelle Smart • Lennar Realty Inc
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #290119
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.