5400 Hwy. A1a Del Mar #D-18Indian 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 5400 Hwy. A1a Del Mar #D-18, Indian River Shores, FL, 32963 uses $81,218 cash to close to unlock $1,659/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $1,764/mo, and a $1,199/mo payment keeps the spread at $138/mo. Purchase price stands at $245,000, and rental yield measures 8.64% with $1,764/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 114.43% and total cumulative return in cash records $92,940. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,764/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A 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: Peter John Marini III • Keller Williams Realty of VB
Mls Name: Realtor Association of Indian River County
Mls ID: #293808