5601 Highway A1a Unit 304n · Indian River Shores, FL
Flood risk 7/10 · Major
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.77%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 105°F)
- 7 days/yr
- Hot days in 30 yrs
- 25 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 1/10 · Minimal
- Unhealthy air days now
- 0 days/yr
- Unhealthy air days in 30 yrs
- 0 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +28.0/30.0
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +9.9/10.0
- Rent growth +5.0/5.0
- Schools +4.6/10.0
- Condition / age +4.0/5.0
- Livability +3.4/5.0
- Appreciation +0.0/10.0
$249,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Barrier island living without the maintenance. This rare 3rd-floor residence at Robles del Mar lives like a home, with space most condos can't touch: a bonus room for guests or an office, a modern kitchen, open sun-filled living space, wet bar, & in-unit laundry. Enjoy year-round Florida sunshine on the enclosed porch overlooking lush greenery. Spanish-style grounds w/ majestic oaks, heated Olympic size pool, tennis, & pickleball. Two secure underground parking spots, elevator access, 1 pet welcome. Ocean Drive, dining, & the beach are minutes away. This is the lock-and-leave life, done right.
Key facts
- Tennis
- Enclosed balcony
- Bonus room
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $250k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $712 ($9k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($5k rent vs $250k).
- Recommended offer: $235k (6.0% below list) — sets the bar for market timing.
- Cap rate 10.0% vs local median 1.3% in Indian River Shores — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 68/100 on livability (#517 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A-; Watch: amenities F, commute F, cost of living F.
- Indian River (other): math 48% / reading 52% proficiency, ranked #35 of 73 in FL (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Beachland Elementary School (math 54% / reading 58%, grade C+, #832 of 2,144 statewide, top 40%, 523 students, 39% FRL); Gifford Middle School (math 46% / reading 45%, grade D+, #305 of 571 statewide, top 54%, 582 students, 72% FRL); Vero Beach High School (math 28% / reading 43%, grade F, #367 of 667 statewide, top 57%, 2,847 students, 50% FRL) — zoned schools at 54% FRL track the district average.
- Market conditions: Rents rising fast (+11.0%/yr); 572 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 109d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
- This rent runs 40% of the median local income ($150k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
- Indian River County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (-3.0% appreciation + 8.0% rent growth), your $70k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 82 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
- 18 sale attempts since 5y ago; this cycle's ask has dropped $19k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; HOA is 29% of rent.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 2.02% ✓
- Cap rate
- 10.03%
- Cash-on-cash
- 13.36%
- DSCR
- 1.59
- GRM
- 4.1
CMA / ARV
- ARV (median comp)
- $445,785
- List price
- $249,900
- Delta
- -43.94%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 5601 Highway A1a Hwy Unit 301s | 0.04mi | 2/2.5 | 2,000 (-5%) | 3mo | $295,000 | $148 | 85 |
| 5690 Highway A1a Unit 301N | 0.23mi | 2/3.5 | 2,050 (-3%) | 2mo | $705,000 | $344 | 76 |
| 5601 Highway A1a Unit 108N | 0.00mi | 2/2.0 | 1,637 (-23%) | 0mo | $155,100 | $95 | 74 |
| 107 W Park Shores Cir Unit 28W | 0.31mi | 2/2.0 | 1,640 (-22%) | 2mo | $286,000 | $174 | 59 |
| 133 E Park Shores Cir Unit 8E | 0.37mi | 2/2.0 | 1,640 (-22%) | 1mo | $300,000 | $183 | 57 |
| 5250 E Harbor Village Dr #102 | 1.49mi | 3/2.5 (+1) | 2,146 (+2%) | 3mo | $895,000 | $417 | 53 |
| 171 S Camelia Ct | 0.33mi | 3/3.5 (+1) | 2,600 (+23%) | 0mo | $3,200,000 | $1,231 | 48 |
| 233 Silver Moss Dr | 1.37mi | 2/2.0 | 1,925 (-9%) | 3mo | $3,000,000 | $1,558 | 47 |
| 200 Sable Oak Ln #204 | 0.73mi | 3/2.0 (+1) | 1,922 (-9%) | 3mo | $800,000 | $416 | 43 |
| 4804 Wood Duck Cir #4804 | 1.49mi | 3/2.5 (+1) | 1,616 (-24%) | 0mo | $395,000 | $244 | 33 |
| 5 Cache Cay Dr | 1.42mi | 3/2.5 (+1) | 2,599 (+23%) | 2mo | $1,530,000 | $589 | 32 |
| 5250 E Harbor Village Dr #201 | 1.49mi | 3/3.0 (+1) | 2,522 (+19%) | 3mo | $950,000 | $377 | 29 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 8.0% rent growth · sell at horizon
- IRR
- 10.7%
- Equity multiple
- 1.46×
- Total profit
- $32,533
- Equity at exit
- $37,261
- IRR
- 25.3%
- Equity multiple
- 4.03×
- Total profit
- $212,141
- Equity at exit
- $21,607
Cash invested: $69,972 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Florida
- 87 Strongly Landlord-Friendly · R+3
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 1 active
- Median asking
- $699,000 ($341/sqft)
- Median days on market
- 284 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -38.2% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 32963
- Rents YoY
- 11.0%
- Active inventory
- 572
- Price-to-rent
- 4.1×
Monthly cashflow live
- Estimated rent
- $5,040 high interval (Pro) →
- Mortgage (P&I)
- −$1,311
- Tax est. 1.5%
- −$312 /mo · $3,748/yr
- Insurance
- −$104
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$1,476
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,058
- Net cashflow
- $712
Break-even live
Sensitivity live
| Price | -10% $885 | -5% $799 | +0% $712 | +5% $626 | +10% $540 |
|---|---|---|---|---|---|
| Rent | -10% $314 | -5% $513 | +0% $712 | +5% $911 | +10% $1,110 |
| Rate | -1.0pp $838 | -0.5pp $776 | base $712 | +0.5pp $648 | +1.0pp $582 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $62,475
- Closing costs
- $7,497
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5601 Jimmy Buffett Memorial Hwy Unit 206C Indian River Shores, FL | 3.0 | 2.0 | 2400 | $6,000 | $2.50 | 116d | 1 | 0.03mi |
| 5601 Jimmy Buffett Memorial Hwy Unit 304N Indian River Shores, FL | 2.0 | 2.0 | 2115 | $1,999 | $0.95 | 116d | 1 | 0.07mi |
| 5601 Jimmy Buffett Memorial Hwy Unit 308N Indian River Shores, FL | 2.0 | 2.0 | 1697 | $2,600 | $1.53 | 6d | 1 | 0.07mi |
| 219 Park Shores Cir Unit 219B Vero Beach, FL | 2.0 | 2.5 | 1583 | $3,000 | $1.90 | 109d | 1 | 0.15mi |
| 131 Peppertree Dr #21 Indian River Shores, FL | 2.0 | 2.0 | 1787 | $3,000 | $1.68 | 6d | 1 | 0.15mi |
| 5536 Jimmy Buffett Memorial Hwy Unit 211 Vero Beach, FL | 2.0 | 2.5 | 1632 | $6,000 | $3.68 | 116d | 1 | 0.17mi |
| 5554 Jimmy Buffett Memorial Hwy Unit 201 Indian River Shores, FL | 2.0 | 2.0 | 1632 | $12,000 | $7.35 | 6d | 1 | 0.17mi |
| 5554 Jimmy Buffett Memorial Hwy Unit 201 Indian River Shores, FL | 2.0 | 2.0 | 1632 | $12,000 | $7.35 | 116d | 1 | 0.17mi |
| 5554 Jimmy Buffett Memorial Hwy Unit 202 Indian River Shores, FL | 2.0 | 2.5 | 1632 | $12,000 | $7.35 | 116d | 1 | 0.17mi |
| 270 S Peppertree Dr Vero Beach, FL | 3.0 | 3.0 | 2261 | $3,600 | $1.59 | 116d | 1 | 0.20mi |
| 5670 Jimmy Buffett Memorial Hwy Unit 315S Vero Beach, FL | 2.0 | 3.5 | 2050 | $7,000 | $3.41 | 116d | 1 | 0.23mi |
| 5680 Jimmy Buffett Memorial Hwy Unit 112 Vero Beach, FL | 3.0 | 3.0 | 2620 | $7,000 | $2.67 | 6d | 1 | 0.23mi |
| 5680 Jimmy Buffett Memorial Hwy Unit 111 Vero Beach, FL | 3.0 | 3.0 | 2050 | $6,000 | $2.93 | 6d | 1 | 0.23mi |
| 5690 Jimmy Buffett Memorial Hwy Unit 102N Vero Beach, FL | 1.0 | 3.5 | 1900 | $4,500 | $2.37 | 116d | 1 | 0.24mi |
| 5725 Jimmy Buffett Memorial Hwy Unit 2 Indian River Shores, FL | 2.0 | 2.5 | 1630 | $8,000 | $4.91 | 6d | 1 | 0.28mi |
| 5790 Jimmy Buffett Memorial Hwy Vero Beach, FL | 3.0 | 3.0 | 2300 | $8,500 | $3.70 | 116d | 1 | 0.29mi |
| 5810 Highway A1A Unit 2B Indian River Shores, FL | 2.0 | 3.0 | 1900 | $3,100 | $1.63 | 6d | 1 | 0.30mi |
| 101 E Park Shores Cir Unit 2 Indian River Shores, FL | 2.0 | 2.0 | 1640 | $2,600 | $1.59 | 109d | 1 | 0.39mi |
| 133 E Park Shores Cir Unit 7E Vero Beach, FL | 2.0 | 2.0 | 1640 | $3,000 | $1.83 | 109d | 1 | 0.40mi |
| 133 E Park Shores Cir Unit 4E Indian River Shores, FL | 2.0 | 2.0 | 1540 | $3,500 | $2.27 | 6d | 1 | 0.40mi |
| 926 Pebble Ln Vero Beach, FL | 3.0 | 2.0 | 2695 | $15,000 | $5.57 | 116d | 1 | 0.44mi |
| 5101 Jimmy Buffett Memorial Hwy Unit 109 Indian River Shores, FL | 3.0 | 2.0 | 1848 | $5,500 | $2.98 | 6d | 1 | 0.50mi |
| 100 River Oak Ln Indian River Shores, FL | 3.0 | 3.0 | 2245 | $13,000 | $5.79 | 6d | 1 | 0.54mi |
| 915 Surfsedge Way Indian River Shores, FL | 3.0 | 3.5 | 3000 | $25,000 | $8.33 | 6d | 1 | 0.60mi |
| 4617 Pebble Bay S Indian River Shores, FL | 3.0 | 2.5 | 2240 | $8,250 | $3.68 | 6d | 1 | 0.77mi |
| 902 Tides Rd Vero Beach, FL | 3.0 | 3.0 | 1810 | $8,500 | $4.70 | 109d | 1 | 0.89mi |
| 907 Tropic Dr Vero Beach, FL | 3.0 | 2.0 | 1830 | $10,000 | $5.46 | 116d | 1 | 0.98mi |
| 705 Bahia Mar Rd Vero Beach, FL | 3.0 | 2.0 | 2214 | $14,000 | $6.32 | 4d | 1 | 1.02mi |
| 926 Tropic Dr Vero Beach, FL | 1.0 | 1.0 | 2000 | $2,000 | $1.00 | 109d | 1 | 1.04mi |
| 5000 Highway A1A #320 Vero Beach, FL | 2.0 | 2.0 | 1980 | $5,000 | $2.53 | 116d | 1 | 1.08mi |
| 4836 Bethel Creek Dr Unit 4836 Vero Beach, FL | 2.0 | 2.5 | 1650 | $3,000 | $1.82 | 109d | 1 | 1.14mi |
| 4834 Bethel Creek Dr Vero Beach, FL | 2.0 | 2.5 | 1500 | $2,900 | $1.93 | 116d | 1 | 1.14mi |
| 4800 Highway A1A #116 Vero Beach, FL | 2.0 | 2.0 | 1822 | $3,000 | $1.65 | 116d | 1 | 1.18mi |
| 4800 Highway A1A #207 Vero Beach, FL | 2.0 | 2.0 | 1850 | $7,000 | $3.78 | 116d | 1 | 1.18mi |
| 4800 Highway A1A #506 Vero Beach, FL | 2.0 | 2.0 | 1850 | $4,500 | $2.43 | 116d | 1 | 1.18mi |
| 4800 Florida A1A Vero Beach, FL | 2.0 | 2.0 | 1822 | $3,500 | $1.92 | 6d | 1 | 1.18mi |
| 4800 Bethel Creek Dr Unit 5S Vero Beach, FL | 2.0 | 2.5 | 2215 | $5,500 | $2.48 | 109d | 1 | 1.19mi |
| 60 Cache Cay Dr Vero Beach, FL | 3.0 | 3.0 | 2310 | $5,900 | $2.55 | 6d | 1 | 1.30mi |
| 4601 Highway A1A #503 Vero Beach, FL | 2.0 | 2.0 | 1600 | $6,500 | $4.06 | 6d | 1 | 1.31mi |
| 4601 Highway A1A #208 Vero Beach, FL | 3.0 | 2.0 | 1960 | $4,500 | $2.30 | 6d | 1 | 1.31mi |
Property features AI
Finance
- Financial info
- Pets allowed with size limit
- HOA & community
- Monthly association duesCommunity amenities: clubhouse, elevator(s), pool, tennis court(s), shuffleboard court, picnic area, storage, bike storageAssociation fee covers insurance, internet, grounds maintenance, pest control, security, sewer, trash, common areas, reserve funds and recreation facility
Exterior
- Parking
- Two assigned covered parking spacesTwo-space detached carportUnder-building parking available
- Security
- Key card entryPhone/intercom entry
- Utilities
- Public waterPublic sewerNatural gas not availableWater service available
- Home design
- CondominiumThree or more levelsResale propertyFaces south
- Construction
- CBS constructionBuilt-up / tar and gravel roofThree-story building
- Exterior features
- Wrap-around porchPorchPaved road frontageNot waterfrontRoad frontage east of US-1
Interior
- Kitchen
- Electric rangeMicrowaveDishwasherRefrigeratorElectric water heater
- Bedrooms
- Two bedrooms on the main level
- Flooring
- LinoleumTileVinyl
- Bathrooms
- Two full bathrooms
- Heating & cooling
- Central electric heatingCentral air conditioningCeiling fans
- Interior features
- Wet barNegotiable furnished statusBlinds and sliding windows
- Laundry & utility
- In-unit laundry
HOA detail $1,476/mo · $17,712/yr condo
- Likely covers
- landscapingpool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-05days on market $249,900 Active 82 DOM
-
2026-09-04days on market $249,900 Active 81 DOM
-
2026-09-03days on market $249,900 Active 80 DOM
-
2026-08-30days on market $249,900 Active 76 DOM
-
2026-08-29days on market $249,900 Active 75 DOM
-
2026-08-28days on market $249,900 Active 74 DOM
-
2026-08-27days on market $249,900 Active 73 DOM
-
2026-08-26days on market $249,900 Active 72 DOM
-
2026-08-25days on market $249,900 Active 71 DOM
-
2026-08-24days on market $249,900 Active 70 DOM
-
2026-08-23days on market $249,900 Active 69 DOM
-
2026-08-22days on market $249,900 Active 68 DOM
-
2026-08-21days on market $249,900 Active 67 DOM
-
2026-08-20days on market $249,900 Active 66 DOM
-
2026-08-19days on market $249,900 Active 65 DOM
-
2026-08-18days on market $249,900 Active 64 DOM
-
2026-08-17days on market $249,900 Active 63 DOM
-
2026-08-16days on market $249,900 Active 62 DOM
-
2026-08-15days on market $249,900 Active 61 DOM
-
2026-08-14days on market $249,900 Active 60 DOM
-
2026-08-13days on market $249,900 Active 59 DOM
-
2026-08-12days on market $249,900 Active 58 DOM
-
2026-08-11days on market $249,900 Active 57 DOM
-
2026-08-10days on market $249,900 Active 56 DOM
-
2026-08-09days on market $249,900 Active 55 DOM
-
2026-08-08days on market $249,900 Active 54 DOM
-
2026-08-07days on market $249,900 Active 53 DOM
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2026-08-06days on market $249,900 Active 52 DOM
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2026-08-05days on market $249,900 Active 51 DOM
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2026-08-04days on market $249,900 Active 50 DOM
-
2026-08-03days on market $249,900 Active 49 DOM
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2026-07-31days on market $249,900 Active 46 DOM
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2026-07-30days on market $249,900 Active 45 DOM
-
2026-07-29days on market $249,900 Active 44 DOM
-
2026-07-27days on market $249,900 Active 42 DOM
-
2026-07-25days on market $249,900 Active 40 DOM
-
2026-07-23days on market $249,900 Active 38 DOM
-
2026-07-22days on market $249,900 Active 37 DOM
-
2026-07-21days on market $249,900 Active 36 DOM
-
2026-07-19days on market $249,900 Active 33 DOM
-
2026-07-16days on market $249,900 Active 31 DOM
-
2026-07-16days on market $249,900 Active 30 DOM
-
2026-07-14days on market $249,900 Active 29 DOM
-
2026-07-13days on market $249,900 Active 28 DOM
-
2026-07-12days on market $249,900 Active 27 DOM
-
2026-07-11days on market $249,900 Active 26 DOM
-
2026-07-10days on market $249,900 Active 25 DOM
-
2026-07-09days on market $249,900 Active 24 DOM
-
2026-07-08days on market $249,900 Active 23 DOM
-
2026-07-07days on market $249,900 Active 22 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥105°F today · 25 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $60,483
- − Mortgage interest
- −$13,998
- − Property taxes
- −$3,748
- − Insurance
- −$2,047
- − Repairs & maintenance
- −$4,839
- − Management
- −$4,839
- − HOA
- −$17,712
- − Depreciation
- −$7,270
- Taxable income
- $6,030
- Est. tax owed @ 24.0%
- −$1,447
- After-tax cash flow
- $7,101/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 12 photos
This 3rd-floor condo in Robles del Mar is in excellent condition with modern amenities and a great location. It's move-in ready with minor maintenance items to address.
Value-add opportunities
- Both Paint exterior walls — Enhances curb appeal and resale value. ↑
- Both Replace ceiling fan blades — Improves air circulation and aesthetics. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Indian River
- NCES district ID
- 1200930
- Math proficiency
- 48% ▼ -9.00%
- Reading proficiency
- 52% ▼ -3.00%
- Median HH income
- $46,597
- Composite
- 42.45/100
- National rank
- #3218
- State rank
- #35 of 73 in FL
Livability — Indian River Shores
- Score
- 68/100
- State rank
- #517
- US rank
- #9512
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Indian River Shores, FL
- County
- Indian River County · 165,104 people
- City population
- 15,008
- Metro
- Sebastian-Vero Beach, FL
- Population (ZIP)
- 15,008
- Household income
- $149,923
- Rent vs Own
- Severe rent burden
- 18% of renters
Population outlook (Indian River County) Hauer SSP2
- Today (2025)
- 165,104 people
- By 2030
- 172,869 · +4.7%
- By 2040
- 185,640 · +12.4%
- By 2050
- 194,465 · +17.8%
- By 2075
- 211,115 · +27.9%
- By 2100
- 211,781 · +28.3%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (92%)
- Race & ethnicity
- White 92% Two or more races 5% Hispanic / Latino 4% Asian 2%
- Common ancestry
- Slovak 5% Lithuanian 4% Italian 3%
- Foreign-born
- 9% · Canada
- Languages at home
- 92% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%
Political lean MEDSL · Indian River
- 2024 margin
- Strong R (+27.4) · D 36.0% · R 63.4%
- 2008→2024 swing
- -12.5pp toward R · 2008: -14.8pp · 2024: -27.4pp
- All cycles
- 2024: R+27.4 2020: R+21.6 2016: R+24.5 2012: R+22.3 2008: R+14.8
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -180.47%
- Current HPI
- 312.0326
- Rent YoY
- ▲ 11.04%
- Metro
- Sebastian-Vero Beach, FL
- State GDP YoY
- ▲ 3.28%
- F500 in state
- 36
Industry mix (Fortune 500 HQ in FL)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Technology | 2 | $29B |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+56.2% since first listed46 events — show timeline
- 2026-06-17 Price Changed $249,900 SCMLS
- 2026-06-17 Price Changed $249,900 Beaches MLS
- 2026-06-17 Price Changed $249,900 RAIRCMLS
- 2026-04-03 Listed $269,000 Beaches MLS
- 2026-04-03 Listed $269,000 SCMLS
- 2026-03-12 Listed $269,000 RAIRCMLS
- 2025-10-23 Listed $269,000 RAIRCMLS
- 2024-10-23 Rental Removed $2,250 RAIRCMLS
- 2024-08-20 Price Changed $2,250 RAIRCMLS
- 2024-08-20 Price Changed $325,000 RAIRCMLS
- 2024-07-20 Listed for Rent $2,350 RAIRCMLS
- 2024-07-17 Price Changed $329,500 RAIRCMLS
- 2024-06-28 Listed $333,000 RAIRCMLS
- 2024-05-03 Rental Removed $4,500 RAIRCMLS
- 2024-05-03 Listing Removed — Beaches MLS
- 2024-04-19 Listed $338,500 Beaches MLS
- 2024-04-03 Listed for Rent $4,500 RAIRCMLS
- 2024-04-03 Listed $338,500 RAIRCMLS
- 2024-03-27 Price Changed $338,500 RAIRCMLS
- 2024-03-02 Listing Removed — Beaches MLS
- 2024-03-02 Listed $339,500 RAIRCMLS
- 2024-02-21 Price Changed $339,500 Beaches MLS
- 2024-02-21 Price Changed $339,500 RAIRCMLS
- 2024-02-01 Listed $341,500 Beaches MLS
- 2024-01-25 Price Changed $341,500 RAIRCMLS
- 2023-10-26 Rental Removed $3,950 LISTANZA
- 2023-10-23 Listed $349,900 RAIRCMLS
- 2023-10-22 Listed for Rent $3,950 LISTANZA
- 2023-10-07 Price Changed $349,900 RAIRCMLS
- 2023-08-09 Relisted — RAIRCMLS
- 2023-06-04 Contingent — RAIRCMLS
- 2023-04-26 Listed $365,000 RAIRCMLS
- 2023-04-18 Price Changed $367,500 RAIRCMLS
- 2023-03-29 Price Changed $369,500 RAIRCMLS
- 2023-03-16 Price Changed $372,500 RAIRCMLS
- 2023-01-26 Price Changed $375,000 RAIRCMLS
- 2023-01-03 Price Changed $382,500 RAIRCMLS
- 2022-11-28 Price Changed $392,500 RAIRCMLS
- 2022-11-01 Listed $397,500 RAIRCMLS
- 2022-10-21 Coming Soon — RAIRCMLS
- 2021-10-21 Sold (MLS) $284,000 RAIRCMLS
- 2021-09-08 Contingent — RAIRCMLS
- 2021-09-03 Listed $290,000 RAIRCMLS
- 2021-09-03 Listed $290,000 Beaches MLS
- 2021-08-20 Coming Soon $290,000 RAIRCMLS
- 2013-01-30 Sold (MLS) $160,000 RAIRCMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…