295 Grand Royale Circle #202Vero 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
Investment property for sale in Vero Beach at 295 Grand Royale Circle #202, Vero Beach, FL, 32962 uses $97,627 cash to close to unlock $6,793/yr annual cash flow and $566/mo monthly cash flow. Total monthly income runs $2,520/mo, and a $1,441/mo payment keeps the spread at $566/mo. Purchase price stands at $294,500, and rental yield measures 10.27% with $2,520/mo rent. Return on cash invested shows 26.87% in year one, and 5% annual appreciation builds toward $81,365 over five years. Five-year ROI reaches 140.78% and total cumulative return in cash records $137,437. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $1,441/mo payment rather than investor’s personal income.
Condo
Built in 2002
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
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Listed by: Jennifer Ciecwierz • Keller Williams Realty of VB
Mls Name: BeachesMLS
Mls ID: #RX-11135915