660 42nd AvenueVero 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 660 42nd Avenue, Vero Beach, FL, 32968 offers a 8.96% rental yield on a $466,000 purchase with $3,480/mo rent. Total monthly income registers $3,480/mo, and a $2,281/mo payment leaves $387/mo available for distribution. Annual cash flow reaches $4,649/yr on $154,479 to close, and return on cash invested stands at 22.92% in year one. Equity gained on principal adds $3,007/yr while 5% annual appreciation supports $128,747 over five years. Portfolio math shows five-year ROI at 119.57% and total cumulative return in cash at $184,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,480/mo property income against a $2,281/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.30 Acres 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: Steven T Koleno • Beycome of Florida LLC
Mls Name: BeachesMLS
Mls ID: #RX-11115171