506 Conn WayVero BeachFL32963
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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
Investment property for sale in Vero Beach at 506 Conn Way, Vero Beach, FL, 32963 listed at $1,700,000 pairs $4,973/mo rent with a $8,321/mo payment. Total monthly income runs $4,973/mo. Return on cash invested measures 6.63% in year one, and rental yield registers 3.51% at a $1,700,000 basis. Equity gained on principal adds $10,970/yr, and annual property appreciation at 5% supports $469,679 by year five. Five-year ROI tracks 32.11% and total cumulative return in cash totals $176,887. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,973/mo property income relative to a $8,321/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.31 Acres lot
$N/A/sqft
No 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
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Listed by: Michelle T Clarke • Dale Sorensen Real Estate Inc.
Mls Name: Realtor Association of Indian River County
Mls ID: #293775