2464 1st Pl Sw, Vero Beach, FL, 32962 | $289/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2464 1st Pl Sw, Vero Beach, FL, 32962 | $289/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Vero Beach at 2464 1st Pl Sw, Vero Beach, FL, 32962 listed at $365,000 pairs $2,711/mo rent with a $1,786/mo payment to leave $289/mo cash flow. Total monthly income runs $2,711/mo, and annual cash flow reaches $3,471/yr on $120,998 cash to close. Return on cash invested measures 22.78% in year one, and rental yield registers 8.91% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 118.84% and total cumulative return in cash totals $143,791. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,711/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1965

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

This move-in ready 3-bedroom, 2-bathroom home sits on an oversized private corner lot with plenty of room for a pool and space to bring your RV, boat, or other toys. Freshly painted and filled with natural light, the home features New laminate flooring, a modern kitchen with New granite counters and New stainless steel appliances, a convenient laundry room, and a bright sunroom perfect for relaxing or entertaining. Enjoy the ease of a carport, the privacy of your spacious lot, and the ideal location close to shopping, dining, and the beautiful beaches of Vero Beach.

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