3500 Ocean Drive #207Vero BeachFL32963
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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 3500 Ocean Drive #207, Vero Beach, FL, 32963 listed at $415,000 pairs $2,908/mo rent with a $2,031/mo payment to leave $154/mo cash flow. Total monthly income runs $2,908/mo, and annual cash flow reaches $1,851/yr on $137,573 cash to close. Return on cash invested measures 21.25% in year one, and rental yield registers 8.41% at a $415,000 basis. Equity gained on principal adds $2,678/yr, and annual property appreciation at 5% supports $114,657 by year five. Five-year ROI tracks 110.66% and total cumulative return in cash totals $152,241. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,908/mo property income relative to a $2,031/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32963, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,433 (100%) |
| Owner Occupied HU | 8,221 (66.1%) |
| Renter Occupied HU | 680 ( 5.5%) |
| Vacant Housing Units | 3,532 (28.4%) |
| Median Home Value | $956,011 |
| Average Home Value | $1,205,867 |
Housing Distribution
Address Breakdown
Residential
11,346
Single Family
8,108
Multi-Family
3,238
Businesses
496
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Listed by: Sheryl S Brown • One Sotheby's Int'l Realty
Mls Name: BeachesMLS
Mls ID: #RX-11096334