940 Lantern LaneVero 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
Rental property for sale in Vero Beach at 940 Lantern Lane, Vero Beach, FL, 32963 priced at $1,365,000 converts $5,039/mo rent into after a $6,681/mo obligation. Total monthly income equals $5,039/mo. Return on cash invested prints 9.46% in year one, and rental yield reads 4.43% against a $1,365,000 entry. Equity gained on principal adds $8,808/yr, while 5% annual appreciation compiles into $377,124 by year five. Five-year ROI reaches 47.33% and total cumulative return in cash sums $209,327. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,039/mo property income covering a $6,681/mo payment, not borrower’s personal income.
Single Family
Built in 1971
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: Charlotte N Terry • Alex MacWilliam, Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11091392