508 Venue CtVero BeachFL32966
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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 508 Venue Ct, Vero Beach, FL, 32966 listed at $120,000 pairs $1,057/mo rent with a $587/mo payment to leave $261/mo cash flow. Total monthly income runs $1,057/mo, and annual cash flow reaches $3,132/yr on $39,780 cash to close. Return on cash invested measures 27.78% in year one, and rental yield registers 10.57% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 145.63% and total cumulative return in cash totals $57,931. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,057/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32966, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,226 (100%) |
| Owner Occupied HU | 8,550 (64.6%) |
| Renter Occupied HU | 2,846 (21.5%) |
| Vacant Housing Units | 1,830 (13.8%) |
| Median Home Value | $357,762 |
| Average Home Value | $357,344 |
Housing Distribution
Address Breakdown
Residential
12,426
Single Family
8,196
Multi-Family
4,230
Businesses
484
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Listed by: Janet Skouras • Hilo Home Sales
Mls Name: My State MLS
Mls ID: #11347604