2946 1st Street 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
Investment property for sale in Vero Beach at 2946 1st Street SW, Vero Beach, FL, 32968 uses $85,859 cash to close to unlock $4,655/yr annual cash flow and $388/mo monthly cash flow. Total monthly income runs $2,107/mo, and a $1,268/mo payment keeps the spread at $388/mo. Purchase price stands at $259,000, and rental yield measures 9.76% with $2,107/mo rent. Return on cash invested shows 25.33% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 132.5% and total cumulative return in cash records $113,764. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,107/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1985
7,405 sqft 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: M Shane Reynolds • Keller Williams Realty of VB
Mls Name: BeachesMLS
Mls ID: #RX-11125882