304 24th Pl SEVero 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 304 24th Pl SE, Vero Beach, FL, 32962 offers $796/mo rent that, after a $499/mo payment, leaves $116/mo cash flow. Total monthly income is $796/mo, and annual cash flow is $1,387/yr on $33,813 cash. Return on cash invested measures 24.01% in year one, and rental yield stands at 9.36% at a $102,000 entry. Equity gained on principal adds $658/yr while 5% annual appreciation compounds into $28,181 by year five. Five-year ROI records 125.55% and total cumulative return in cash reaches $42,452. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $796/mo property income versus a $499/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
6,534 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: Tatyana Vasilkova • REMAX Affinity Mercato
Mls Name: SWFLMLS
Mls Provider:
Mls ID: #225023292
Disclaimer: The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS. Copyright 2025 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.