5 Vista Palm Ln #207Vero 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
Rental property for sale in Vero Beach at 5 Vista Palm Ln #207, Vero Beach, FL, 32962 priced at $191,900 converts $1,449/mo rent into $176/mo cash flow after a $939/mo obligation. Total monthly income equals $1,449/mo, and annual cash flow totals $2,109/yr on $63,615 invested. Return on cash invested prints 23.22% in year one, and rental yield reads 9.06% against a $191,900 entry. Equity gained on principal adds $1,238/yr, while 5% annual appreciation compiles into $53,018 by year five. Five-year ROI reaches 121.23% and total cumulative return in cash sums $77,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,449/mo property income covering a $939/mo payment, not borrower’s personal income.
Condo
Built in 1974
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: Steve Richards • M&M Realty
Mls Name: BeachesMLS
Mls ID: #F10533806