2609 Stockbridge Sq 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 2609 Stockbridge Sq SW, Vero Beach, FL, 32962 priced at $280,000 converts $2,740/mo rent into $384/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,740/mo, and annual cash flow totals $4,604/yr on $92,820 invested. Return on cash invested prints 24.87% in year one, and rental yield reads 11.74% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 132.37% and total cumulative return in cash sums $122,865. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,740/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
3,920 sqft lot
$N/A/sqft
$410 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: Eva McMillan • Dale Sorensen Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1030552
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.