2800 Indian River Boulevard #1Vero BeachFL32960
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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 2800 Indian River Boulevard #1, Vero Beach, FL, 32960 generates $984/mo in rent and, after a $624/mo payment, leaves $138/mo in cash flow. Total monthly income is $984/mo, and annual cash flow is $1,655/yr on $42,266 invested. Return on cash invested sits at 23.83% in year one, and rental yield is 9.26% on a $127,500 entry. Equity gained on principal adds $823/yr, while 5% annual appreciation builds toward $35,226 over five years. Five-year ROI reaches 124.41% and total cumulative return in cash sums $52,582. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $984/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32960, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,782 (100%) |
| Owner Occupied HU | 5,726 (48.6%) |
| Renter Occupied HU | 4,540 (38.5%) |
| Vacant Housing Units | 1,516 (12.9%) |
| Median Home Value | $326,618 |
| Average Home Value | $410,822 |
Housing Distribution
Address Breakdown
Residential
10,621
Single Family
8,919
Multi-Family
1,702
Businesses
1,871
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Listed by: Patricia Cappello • Coldwell Banker Paradise
Mls Name: BeachesMLS
Mls ID: #RX-11129280