2390 Lake Ibis Ln SWVero 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
Rental property for sale in Vero Beach at 2390 Lake Ibis Ln SW, Vero Beach, FL, 32962 offers $5,054/mo rent that, after a $2,616/mo payment, leaves $1,277/mo cash flow. Total monthly income is $5,054/mo, and annual cash flow is $15,329/yr on $175,851 cash. Return on cash invested measures 28.78% in year one, and rental yield stands at 11.35% at a $534,500 entry. Equity gained on principal adds $3,449/yr while 5% annual appreciation compounds into $147,673 by year five. Five-year ROI records 151.54% and total cumulative return in cash reaches $266,475. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,054/mo property income versus a $2,616/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.27 Acres lot
$N/A/sqft
$190 monthly 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: Tammy S Ramey • Suncoast Realty & Rental Mgmt
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #278150
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.