4370 Doubles Alley Dr #104Vero BeachFL32967
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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 4370 Doubles Alley Dr #104, Vero Beach, FL, 32967 uses $99,119 cash to close to unlock $10,755/yr annual cash flow and $896/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,463/mo payment keeps the spread at $896/mo. Purchase price stands at $299,000, and rental yield measures 11.56% with $2,880/mo rent. Return on cash invested shows 30.76% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 161.65% and total cumulative return in cash records $160,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32967, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,975 (100%) |
| Owner Occupied HU | 9,875 (70.7%) |
| Renter Occupied HU | 2,571 (18.4%) |
| Vacant Housing Units | 1,529 (10.9%) |
| Median Home Value | $436,604 |
| Average Home Value | $497,904 |
Housing Distribution
Address Breakdown
Residential
12,707
Single Family
11,130
Multi-Family
1,577
Businesses
362
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Listed by: Meg Hickey • M&M Realty
Mls Name: BeachesMLS
Mls ID: #F10546832