3116 3rd StreetVero 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 3116 3rd Street, Vero Beach, FL, 32968 earns $1,311/mo cash flow from $3,932/mo rent with a $1,933/mo payment. Total monthly income totals $3,932/mo, and annual cash flow totals $15,732/yr on $130,943 capital. ROI tracks 31.92% on current figures, and rental yield reads 11.95% at a $395,000 purchase. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 over five years. Five-year ROI reaches 167.89% and total cumulative return in cash sums $219,834. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,932/mo property income instead of your personal income.
Single Family
Built in 1984
0.28 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: Vernon Keene • Keller Williams Realty of VB
Mls Name: BeachesMLS
Mls ID: #RX-11145713