98 Spring Lake Drive #205Vero 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 98 Spring Lake Drive #205, Vero Beach, FL, 32962 listed at $105,000 pairs $812/mo rent with a $514/mo payment to leave $115/mo cash flow. Total monthly income runs $812/mo, and annual cash flow reaches $1,381/yr on $34,808 cash to close. Return on cash invested measures 23.88% in year one, and rental yield registers 9.28% at a $105,000 basis. Equity gained on principal adds $678/yr, and annual property appreciation at 5% supports $29,010 by year five. Five-year ROI tracks 124.84% and total cumulative return in cash totals $43,454. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $812/mo property income relative to a $514/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Karen N. Sandler • Berkshire Hathaway Florida Realty
Mls Name: BeachesMLS
Mls ID: #RX-11118714