2700 Ocean Dr APT 302Vero BeachFL32963
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2700 Ocean Dr APT 302, Vero Beach, FL, 32963 earns $1,324/mo cash flow from $6,600/mo rent with a $3,891/mo payment. Total monthly income totals $6,600/mo, and annual cash flow totals $15,892/yr on $261,555 capital. ROI tracks 26.14% on current figures, and rental yield reads 9.96% at a $795,000 purchase. Equity gained on principal adds $5,130/yr, and 5% annual appreciation supports $219,644 over five years. Five-year ROI reaches 136.8% and total cumulative return in cash sums $357,814. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,600/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Downey • One Sotheby's Int'l Realty
Mls Name: Realtor Association of Indian River County
Mls ID: #291140