422 Grove Isle Cir #NAVero BeachFL32962
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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 422 Grove Isle Cir #NA, Vero Beach, FL, 32962 listed at $169,900 pairs $1,317/mo rent with a $832/mo payment to leave $189/mo cash flow. Total monthly income runs $1,317/mo, and annual cash flow reaches $2,269/yr on $56,322 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.3% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 125.11% and total cumulative return in cash totals $70,466. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,317/mo property income relative to a $832/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
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Listed by: Richard L McKinney • RE/MAX Gold
Mls Name: Realtor Association of Indian River County
Mls ID: #290914