241 Strand TerVero BeachFL32963
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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 241 Strand Ter, Vero Beach, FL, 32963 offers a 7.48% rental yield on a $1,925,000 purchase with $12,000/mo rent. 78% in year one. Equity gained on principal adds $12,422/yr while 5% annual appreciation supports $531,842 over five years. Portfolio math shows five-year ROI at 92.32% and total cumulative return in cash at $575,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $12,000/mo property income against a $9,422/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.39 Acres lot
$N/A/sqft
$572 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32963, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,433 (100%) |
| Owner Occupied HU | 8,221 (66.1%) |
| Renter Occupied HU | 680 ( 5.5%) |
| Vacant Housing Units | 3,532 (28.4%) |
| Median Home Value | $956,011 |
| Average Home Value | $1,205,867 |
Housing Distribution
Address Breakdown
Residential
11,346
Single Family
8,108
Multi-Family
3,238
Businesses
496
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Listed by: Kristine Gabor • One Sotheby's Int'l Realty
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #278652
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.