9628 Riverside Dr APT 1SebastianFL32958
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 13.07% yield at 9628 Riverside Dr APT 1, Sebastian, FL, 32958 in Sebastian is solid, but the $971/mo payment compresses net cash flow to $114/mo at $216,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $59,677 by year five, and $1,989/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (2.42) without U.S. income documentation. Total projected return: $93,165.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 6.2% |
| Monthly Cash Flow | $114 | $300 |
City averages based on Sebastian market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,352 |
| Total Monthly Debt Service | $2,152 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
N/A lot
$N/A/sqft
$805 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32958, Sebastian, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,652 (100%) |
| Owner Occupied HU | 11,833 (75.6%) |
| Renter Occupied HU | 2,190 (14.0%) |
| Vacant Housing Units | 1,629 (10.4%) |
| Median Home Value | $369,686 |
| Average Home Value | $445,554 |
Housing Distribution
Address Breakdown
Residential
15,124
Single Family
13,975
Multi-Family
1,149
Businesses
803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1985
N/A lot
$N/A/sqft
$805 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32958, Sebastian, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,652 (100%) |
| Owner Occupied HU | 11,833 (75.6%) |
| Renter Occupied HU | 2,190 (14.0%) |
| Vacant Housing Units | 1,629 (10.4%) |
| Median Home Value | $369,686 |
| Average Home Value | $445,554 |
Housing Distribution
Address Breakdown
Residential
15,124
Single Family
13,975
Multi-Family
1,149
Businesses
803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Abel • RE/MAX Crown Realty VB
Mls Name: Realtor Association of Indian River County
Mls Provider:
Mls ID: #288259
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.