97 Spring Lake Drive #104Vero 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
Rental property for sale in Vero Beach at 97 Spring Lake Drive #104, Vero Beach, FL, 32962 generates $1,086/mo in rent and, after a $685/mo payment, leaves $157/mo in cash flow. Total monthly income is $1,086/mo, and annual cash flow is $1,886/yr on $46,410 invested. Return on cash invested sits at 23.97% in year one, and rental yield is 9.31% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 125.3% and total cumulative return in cash sums $58,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,086/mo property income rather than buyer’s personal income.
Condo
Built in 1980
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: Eugene L Billero • Billero & Billero Properties
Mls Name: BeachesMLS
Mls ID: #RX-11097281