870 Lake Orchid Cir APT 204Vero BeachFL32962
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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 870 Lake Orchid Cir APT 204, Vero Beach, FL, 32962 uses $72,599 cash to close to unlock $8,479/yr annual cash flow and $707/mo monthly cash flow. Total monthly income runs $2,160/mo, and a $1,072/mo payment keeps the spread at $707/mo. Purchase price stands at $219,000, and rental yield measures 11.84% with $2,160/mo rent. Return on cash invested shows 31.59% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 166.1% and total cumulative return in cash records $120,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,160/mo property income covering a $1,072/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32962, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,465 (100%) |
| Owner Occupied HU | 9,263 (68.8%) |
| Renter Occupied HU | 2,518 (18.7%) |
| Vacant Housing Units | 1,684 (12.5%) |
| Median Home Value | $325,838 |
| Average Home Value | $442,386 |
Housing Distribution
Address Breakdown
Residential
12,787
Single Family
10,412
Multi-Family
2,375
Businesses
475
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Listed by: Ann E Darling • Tropic Shores Real Estate LLC
Mls Name: Realtor Association of Indian River County
Mls ID: #294251