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Updated almost 5 years ago on . Most recent reply

User Stats

89
Posts
34
Votes
Season Price
  • Flipper/Rehabber
  • Maryland
34
Votes |
89
Posts

Property management company and/or RE agent covering Vero Beach

Season Price
  • Flipper/Rehabber
  • Maryland
Posted

I am looking for a little insight on the Vero Beach area. I am wanting to do a buy and hold, and maybe a flip in the area. I would like to get a better understanding about what's been going on there with long term rentals. 

Most Popular Reply

Account Closed
  • Real Estate Broker
  • Vero Beach Florida
2
Votes |
4
Posts
Account Closed
  • Real Estate Broker
  • Vero Beach Florida
Replied

We currently manage 18 unfurnished annual rentals in Vero Beach and rarely have a vacancy for more than 1 month. Advertising right now for June 1st occupancy on a 3/2/1 townhome and have 10 inquiries, so we can be selective on choosing tenant. Rents have increased steadily since 2010, but so have purchase prices. The above unit would sell for $170,000 and rents for $1,350. Small single family has best ROI - a $150,000 house rents for $1,450. I'm having difficulty finding anything worth flipping lately.

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