29 Vista Gardens Trl APT 105Vero BeachFL32962
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.31% yield at 29 Vista Gardens Trl APT 105, Vero Beach, FL, 32962 in Vero Beach is solid, but the $533/mo payment compresses net cash flow to $133/mo at $118,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $32,739 by year five, and $1,091/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.72) without U.S. income documentation. Total projected return: $53,708.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $133 | $1,500 |
City averages based on Vero Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $919 |
| Total Monthly Debt Service | $739 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
N/A 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
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
Condo
Built in 1982
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Beth Ann Rardin • Rardin Real Estate LLC
Mls Name: Realtor Association of Indian River County
Mls ID: #292421