45 1st Ct SWVero 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
Rental property for sale in Vero Beach at 45 1st Ct SW, Vero Beach, FL, 32962 offers $2,540/mo rent that, after a $1,835/mo payment, leaves $52/mo cash flow. Total monthly income is $2,540/mo, and annual cash flow is $625/yr on $124,279 cash. Return on cash invested measures 20.41% in year one, and rental yield stands at 8.13% at a $374,900 entry. Equity gained on principal adds $2,419/yr while 5% annual appreciation compounds into $103,578 by year five. Five-year ROI records 106.16% and total cumulative return in cash reaches $131,935. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,540/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
9,583 sqft 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: Tyler Faoro • Keller Williams Realty of VB
Mls Name: Realtor Association of Indian River County
Mls ID: #294628