677 Royal Palm Blvd #8Vero BeachFL32960
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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 677 Royal Palm Blvd #8, Vero Beach, FL, 32960 at $130,000 posts ROI 24.27% with $157/mo cash flow from $1,019/mo rent. Total monthly income equals $1,019/mo, and annual cash flow records $1,879/yr on $43,095 to close. Return on cash invested measures 24.27% and rental yield reads 9.41% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 126.87% and total cumulative return in cash totals $54,675.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,019/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32960, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,782 (100%) |
| Owner Occupied HU | 5,726 (48.6%) |
| Renter Occupied HU | 4,540 (38.5%) |
| Vacant Housing Units | 1,516 (12.9%) |
| Median Home Value | $326,618 |
| Average Home Value | $410,822 |
Housing Distribution
Address Breakdown
Residential
10,621
Single Family
8,919
Multi-Family
1,702
Businesses
1,871
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Listed by: Jessi Miller Najera • Macken Realty, Inc.
Mls Name: BeachesMLS
Mls ID: #F10524400