2940 3rd St SWVero BeachFL32968
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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 2940 3rd St SW, Vero Beach, FL, 32968 generates $3,480/mo in rent and, after a $2,080/mo payment, leaves $660/mo in cash flow. Total monthly income is $3,480/mo, and annual cash flow is $7,917/yr on $140,888 invested. Return on cash invested sits at 25.53% in year one, and rental yield is 9.83% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 133.56% and total cumulative return in cash sums $188,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,480/mo property income rather than buyer’s personal income.
Single Family
Built in 1991
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32968, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,686 (100%) |
| Owner Occupied HU | 5,590 (83.6%) |
| Renter Occupied HU | 743 (11.1%) |
| Vacant Housing Units | 353 ( 5.3%) |
| Median Home Value | $438,062 |
| Average Home Value | $528,046 |
Housing Distribution
Address Breakdown
Residential
6,770
Single Family
6,734
Multi-Family
36
Businesses
194
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Listed by: Lori Anne Strazzulla • Compass Florida LLC
Mls Name: Realtor Association of Indian River County
Mls ID: #293512