796 29th AveVero BeachFL32968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 796 29th Ave, Vero Beach, FL, 32968 uses $81,218 cash to close to unlock $6,591/yr annual cash flow and $549/mo monthly cash flow. Total monthly income runs $2,175/mo, and a $1,199/mo payment keeps the spread at $549/mo. Purchase price stands at $245,000, and rental yield measures 10.65% with $2,175/mo rent. Return on cash invested shows 28.02% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 146.98% and total cumulative return in cash records $119,376. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,175/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.53 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Thews • Equitable Company Realtors
Mls Name: MIAMI
Mls ID: #A11834647