2490 4th PlaceVero 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 2490 4th Place, Vero Beach, FL, 32962 generates $3,636/mo in rent and, after a $1,835/mo payment, leaves $1,148/mo in cash flow. Total monthly income is $3,636/mo, and annual cash flow is $13,777/yr on $124,279 invested. Return on cash invested sits at 30.99% in year one, and rental yield is 11.64% on a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 162.9% and total cumulative return in cash sums $202,447. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,636/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
7,841 sqft lot
$N/A/sqft
No 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: Shahwali Khan • Beneduce Realty Inc
Mls Name: BeachesMLS
Mls ID: #RX-11132560