2416 57th CircleVero 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 2416 57th Circle, Vero Beach, FL, 32966 listed at $184,900 pairs $1,833/mo rent with a $905/mo payment to leave $606/mo cash flow. Total monthly income runs $1,833/mo, and annual cash flow reaches $7,272/yr on $61,294 cash to close. Return on cash invested measures 31.77% in year one, and rental yield registers 11.9% at a $184,900 basis. Equity gained on principal adds $1,193/yr, and annual property appreciation at 5% supports $51,084 by year five. Five-year ROI tracks 167.03% and total cumulative return in cash totals $102,379. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,833/mo property income relative to a $905/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
N/A 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: Tyler Faoro • Keller Williams Realty of VB
Mls Name: BeachesMLS
Mls ID: #RX-11087246