57 Woodland Drive #201Vero 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
Investment property for sale in Vero Beach at 57 Woodland Drive #201, Vero Beach, FL, 32962 with 5% annual appreciation on a $152,000 basis while $1,156/mo rent supports operations. Total monthly income totals $1,156/mo and a $744/mo payment preserves $147/mo for cash returns. Annual cash flow comes to $1,767/yr on $50,388 deployed, and return on cash invested reaches 23.42% in year one. Equity gained on principal adds $981/yr, and five-year appreciation sums $41,995 alongside rental yield of 9.13%. Five-year ROI measures 122.31% and total cumulative return in cash totals $61,630.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,156/mo property income versus a $744/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1978
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: Colleen Jennings • Billero & Billero - Beach Offc
Mls Name: BeachesMLS
Mls ID: #RX-11140623