81 Passage IsIndian 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
Rental property for sale in Indian River Shores at 81 Passage Is, Indian River Shores, FL, 32963 priced at $1,945,000 converts $34,800/mo rent into $21,512/mo cash flow after a $9,520/mo obligation. Total monthly income equals $34,800/mo, and annual cash flow totals $258,150/yr on $630,180 invested. Return on cash invested prints 61.33% in year one, and rental yield reads 21.47% against a $1,945,000 entry. Equity gained on principal adds $12,551/yr, while 5% annual appreciation compiles into $537,368 by year five. Five-year ROI reaches 325.75% and total cumulative return in cash sums $2,052,799. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $34,800/mo property income covering a $9,520/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.38 Acres lot
$N/A/sqft
$380 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: Elizabeth M Sorensen • Dale Sorensen Real Estate Inc.
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #275450
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.