401 S Palm Island CirIndian 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 401 S Palm Island Cir, Indian River Shores, FL, 32963 earns from $5,429/mo rent with a $8,981/mo payment. Total monthly income totals $5,429/mo. ROI tracks 6.75% on current figures, and rental yield reads 3.55% at a $1,835,000 purchase. Equity gained on principal adds $11,841/yr, and 5% annual appreciation supports $506,977 over five years. Five-year ROI reaches 32.78% and total cumulative return in cash sums $194,912. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,429/mo property income instead of your personal income.
Single Family
Built in 2006
0.28 Acres lot
$N/A/sqft
No 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: Debbie Bell • Berkshire Hathaway Florida
Mls Name: Realtor Association of Indian River County
Mls ID: #294564