291 6th Dr 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 291 6th Dr SW, Vero Beach, FL, 32962 priced at $169,000 pairs $1,359/mo rent with $238/mo cash flow after a $827/mo payment. Total monthly income equals $1,359/mo, and annual cash flow comes to $2,852/yr on $56,024 invested. Return on cash invested is 25% in year one, and rental yield stands at 9.65% on a $169,000 basis. Equity gained on principal adds $1,091/yr, and 5% annual appreciation accumulates to $46,692 by year five. Five-year ROI measures 130.76% and total cumulative return in cash reaches $73,255. For financing, Ziffy Mortgage’s DSCR program evaluates $1,359/mo property income against a $827/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
6,650 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: Ralph L Santoro • Billero & Billero Properties
Mls Name: Realtor Association of Indian River County
Mls ID: #291728