3679 2nd Pl SWVero BeachFL32968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3679 2nd Pl SW, Vero Beach, FL, 32968 offers a 8.09% rental yield on a $516,000 purchase with $3,480/mo rent. Total monthly income registers $3,480/mo, and a $2,526/mo payment leaves $55/mo available for distribution. Annual cash flow reaches $664/yr on $169,764 to close, and return on cash invested stands at 20.45% in year one. Equity gained on principal adds $3,330/yr while 5% annual appreciation supports $142,561 over five years. Portfolio math shows five-year ROI at 106.32% and total cumulative return in cash at $180,495. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,480/mo property income against a $2,526/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,750 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Saskia T Nemeth • Dale Sorensen Real Estate Inc.
Mls Name: Realtor Association of Indian River County
Mls ID: #290855