401 Morristown Cay, Vero Beach, FL 32966

2 bd · 2 ba · built 1990 · Vero Beach · MOBILE·source listing ↗

$38,900

rent, three ways

OnePercent model (vv1)$1,567/mo

p10–p90 confidence band

HUD Fair Market Rent · 32966 · 2BR$1,730/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Indian River

Flood risk indexVery High FEMA NRI

Median household income$66,771

Median area rent$1,609/mo

Median home value$294,200

the verdict

4.03%vs 1.2% target

financing: 20% down · — (FRED, live) · 30yr

$38,900

4.03% · rent $1,567

Intrinsic value · income approach

$229,654

83% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.