8865 W Orchid Island Cir APT 207Vero BeachFL32963
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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
Total monthly income runs $3,997/mo, and a $5,384/mo payment. Purchase price stands at $1,100,000, and rental yield measures 4.36% with $3,997/mo rent. Return on cash invested shows 9.25% in year one, and 5% annual appreciation builds toward $303,910 over five years. Five-year ROI reaches 46.19% and total cumulative return in cash records $164,635. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,997/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32963, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,433 (100%) |
| Owner Occupied HU | 8,221 (66.1%) |
| Renter Occupied HU | 680 ( 5.5%) |
| Vacant Housing Units | 3,532 (28.4%) |
| Median Home Value | $956,011 |
| Average Home Value | $1,205,867 |
Housing Distribution
Address Breakdown
Residential
11,346
Single Family
8,108
Multi-Family
3,238
Businesses
496
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Listed by: Rachel I Hickman • Dale Sorensen Real Estate Inc.
Mls Name: Realtor Association of Indian River County
Mls ID: #292586