200 Sable Oak Ln APT 203Indian River ShoresFL32963
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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 Indian River Shores at 200 Sable Oak Ln APT 203, Indian River Shores, FL, 32963 uses $246,750 cash to close to unlock $5,877/yr annual cash flow and $490/mo monthly cash flow. Total monthly income runs $6,600/mo, and a $3,671/mo payment keeps the spread at $490/mo. Purchase price stands at $750,000, and rental yield measures 10.56% with $6,600/mo rent. Return on cash invested shows 22.44% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 118.98% and total cumulative return in cash records $293,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,600/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,133 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32963, Vero Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,433 (100%) |
| Owner Occupied HU | 8,221 (66.1%) |
| Renter Occupied HU | 680 ( 5.5%) |
| Vacant Housing Units | 3,532 (28.4%) |
| Median Home Value | $956,011 |
| Average Home Value | $1,205,867 |
Housing Distribution
Address Breakdown
Residential
11,346
Single Family
8,108
Multi-Family
3,238
Businesses
496
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Listed by: Joan N Cook • Dale Sorensen Real Estate Inc.
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #286675
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.