3505 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 3505 3rd Street, Vero Beach, FL, 32968 uses $99,450 cash to close to unlock $4,722/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $2,384/mo, and a $1,468/mo payment keeps the spread at $394/mo. Purchase price stands at $300,000, and rental yield measures 9.54% with $2,384/mo rent. Return on cash invested shows 24.66% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 128.9% and total cumulative return in cash records $128,196. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,384/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1964
5,000 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-24 | Listed for sale | $300,000 |
| 2014-03-10 | Sold | $36,700 |
| 2005-04-04 | Sold | $137,500 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-24 | $1438.39 | 10.12% | $108,233 | 14.49% |
| 2022-03-24 | $1306.20 | 11.78% | $94,539 | 23.63% |
| 2021-03-24 | $1168.51 | 9.32% | $76,470 | 13.01% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1964
- Architectural Style: N/A
- Building Area: 825
- Living Area: 825 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Wood
- Interior Features: Stack Bedrooms
- Exterior Features: Outdoor Shower
- Parking Features: Driveway
Location
- City: Vero Beach
- State: FL
- Subdivision: Clemann Estate
- Lot Size: 5,000 sqft
- Lot Features: < 1/4 Acre, Corner Lot
- View: Garden
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Connected, Electricity Connected
- Sewer: Septic Tank
- Water Source: Public
- Road Surface Type: Dirt
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: J Vance Brinkerhoff • Coldwell Banker Paradise
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-11074552
Disclaimer: All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.