78 S Harbor DrVero 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
Rental property for sale in Vero Beach at 78 S Harbor Dr, Vero Beach, FL, 32960 priced at $114,850 converts $867/mo rent into $105/mo cash flow after a $562/mo obligation. Total monthly income equals $867/mo, and annual cash flow totals $1,260/yr on $38,073 invested. Return on cash invested prints 23.22% in year one, and rental yield reads 9.06% against a $114,850 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,731 by year five. Five-year ROI reaches 121.15% and total cumulative return in cash sums $46,126. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $867/mo property income covering a $562/mo payment, not borrower’s personal income.
Manufactured
Built in 1975
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: Todd Newby • NEWBY REALTY INC
Mls Name: NY State MLS
Mls ID: #11317101