4101 Ocean Dr APT 2CVero BeachFL32963
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
Total monthly income runs $6,600/mo, and a $6,240/mo payment. Purchase price stands at $1,275,000, and rental yield measures 6.21% with $6,600/mo rent. Return on cash invested shows 12.21% in year one, and 5% annual appreciation builds toward $352,259 over five years. Five-year ROI reaches 63.04% and total cumulative return in cash records $260,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,600/mo property income covering a $6,240/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
$950 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Catherine Rossetti • Coldwell Banker Paradise
Mls Name: BeachesMLS
Mls Provider:
Mls ID: #RX-10986383
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 2024 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.