630 42nd CtVero BeachFL32968
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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 630 42nd Ct, Vero Beach, FL, 32968 uses $104,423 cash to close to unlock $268/yr annual cash flow and $22/mo monthly cash flow. Total monthly income runs $2,113/mo, and a $1,542/mo payment keeps the spread at $22/mo. Purchase price stands at $315,000, and rental yield measures 8.05% with $2,113/mo rent. Return on cash invested shows 20.17% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 104.83% and total cumulative return in cash records $109,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,113/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32968, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,686 (100%) |
| Owner Occupied HU | 5,590 (83.6%) |
| Renter Occupied HU | 743 (11.1%) |
| Vacant Housing Units | 353 ( 5.3%) |
| Median Home Value | $438,062 |
| Average Home Value | $528,046 |
Housing Distribution
Address Breakdown
Residential
6,770
Single Family
6,734
Multi-Family
36
Businesses
194
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Listed by: April B Okun • Engel & Voelkers Vero Beach
Mls Name: Realtor Association of Indian River County
Mls ID: #292216