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$269,900

For Sale - Active
5095 Fairways Cir Apt 102, Vero Beach, FL 32967
3 Beds
2 Baths
1,190 Square Feet
0.00 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Jun 10, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$512
Cap Rate
3.9%
Cash-on-Cash Return
-9.9%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.6%

Property Description


0.00 Acres Lot
Built in 1998
For Sale - Active
Units n/a

Welcome to your dream condo! This beautiful 3bed, 2bath first floor home features bamboo flooring, upgraded cabinets, sleek granite countertops and custom kitchen. Enjoy peace of mind with all-impact glass, new washer and dryer. Step outside to a private patio, perfect for relaxing and entertaining. Located in a pet-friendly community, you and your furry friends will love the welcoming atmosphere. Enjoy generous amenities, sparkling pool and fitness center. This condo offers a blend of style, comfort, and practicality—don’t miss out! Minutes to Beaches, Shopping. Optional garage available for negotiation. Buyer offering furnishings as a courtesy.

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Location


Property Details


Parking

  • Description: Guest, Open, GarageDoorOpener
  • Details: Open
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 3

Exterior Features

  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • HOA Fee: $573/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 32392300024090000102.0
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1998

Tax Information

  • Annual Tax: $1,711

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Indian River

Listing Details


Listed by:
Christine Steinka
Keller Williams Realty of VB
(224) 363-8458

Source:
BeachesMLS
MLS#: F10504938
BeachesMLS

Investment Summary


Monthly Cash Flow
-$512
Cap Rate
3.9%
Cash-on-Cash Return
-9.9%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.6%

Purchase Details

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Purchase price:
$269,900
Amount financed:
-$215,920
Down payment:
$53,980
Closing costs:
$8,097
Rehab costs:
$0
Initial cash invested:
$62,077
Square feet:
1,190
Cost per square foot:
$227
Monthly rent per square foot:
$1.93

Financing Details

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Loan amount:
$215,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,383
Property tax:
$143
Insurance:
$161
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,687

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,300 $27,600
Vacancy loss: (6%)
6% -$138 -$1,656
Operating income:
$2,162 $25,944

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$143-$1,711
Insurance: (7%)
7%-$161-$1,932
Property management: (8%)
8%-$184-$2,208
Repairs & maintenance: (5%)
5%-$115-$1,380
Capital expenditures: (5%)
5%-$115-$1,380
HOA fees: (25%)
25%-$573-$6,876
Total operating expenses: (56%)
56%-$1,291-$15,487

Cash Flow


Monthly Yearly
Net operating income:
$871 $10,452
Mortgage payments:
-$1,383 -$16,596
Cash flow:
-$512 -$6,144