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1041 Normandie Way, Vero Beach, FL 32960, US
Copied

$359,500
BiggerPockets estimate

Off Market
1041 Normandie Way, Vero Beach, FL 32960
2 Beds
2 Baths
1,178 Square Feet
0.08 Acres Lot
Built in 2016
Off Market
1 Units
Checked: 5 months ago
Updated: Jun 19, 2025 at 01:41PM

Investment Summary


Monthly Cash Flow
-$658
Cap Rate
4.0%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.3%

Property Description


0.08 Acres Lot
Built in 2016
Off Market
1 Units

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 1041 Normandie Way, Vero Beach, FL (ZIP code 32960) this single family residence features 2 bedrooms, 2 bathrooms and approximately 1,178 square feet of living space. The property sits on a 0.08 acre lot and was built in 2016.

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Location


Property Details


Parking

  • Description: Attached, Driveway, Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition Shingle
  • Pool Community: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 33400700005000000205.0
  • Lot Size: 3485 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2016

Tax Information

  • Annual Tax: $4,008

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Indian River

Investment Summary


Monthly Cash Flow
-$658
Cap Rate
4.0%
Cash-on-Cash Return
-9.5%
Debt Coverage Ratio
0.64
Internal Rate of Return (5 years)
-5.3%

Purchase Details

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Purchase price:
$359,500
Amount financed:
-$287,600
Down payment:
$71,900
Closing costs:
$10,785
Rehab costs:
$0
Initial cash invested:
$82,685
Square feet:
1,178
Cost per square foot:
$305
Monthly rent per square foot:
$1.87

Financing Details

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Loan amount:
$287,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,842
Property tax:
$334
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,330

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$334-$4,008
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$884-$10,608

Cash Flow


Monthly Yearly
Net operating income:
$1,184 $14,208
Mortgage payments:
-$1,842 -$22,104
Cash flow:
$658 $7,896