950 Surfsedge Way #301Indian 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 950 Surfsedge Way #301, Indian River Shores, FL, 32963 projects strong ROI of 40.43%.
With 5% annual appreciation, the property builds $2,072,112 in value over five years. Equity growth combined with cash flow delivers a projected five-year ROI of 213.51%, translating into $5,188,184 in total cumulative return on $2,430,000 invested capital.
You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$2,383 quarterly 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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No similar rental properties found nearby.
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Listed by: Megan Raasveldt • Dale Sorensen Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1014133
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.