384 Grove Isle Cir UNIT 384Vero BeachFL32962
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 384 Grove Isle Cir UNIT 384, Vero Beach, FL, 32962 listed at $199,500 pairs $1,539/mo rent with a $976/mo payment to leave $216/mo cash flow. Total monthly income runs $1,539/mo, and annual cash flow reaches $2,586/yr on $66,134 cash to close. Return on cash invested measures 23.82% in year one, and rental yield registers 9.26% at a $199,500 basis. Equity gained on principal adds $1,287/yr, and annual property appreciation at 5% supports $55,118 by year five. Five-year ROI tracks 124.43% and total cumulative return in cash totals $82,291. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,539/mo property income relative to a $976/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Pete Mitsakos • Alex MacWilliam, Inc.
Mls Name: Realtor Association of Indian River County
Mls ID: #292643