5601 Highway A1a Unit 200N · Indian River Shores, FL
Flood risk 9/10 · Severe
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.98%
- 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 C- 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).
- ARV discount +15.0/15.0
- Cash flow +9.8/30.0
- 1% rule +8.2/10.0
- Rent growth +5.0/5.0
- Schools +4.6/10.0
- Condition / age +4.0/5.0
- Livability +3.4/5.0
- DSCR +2.8/10.0
- Appreciation +0.0/10.0
$450,000
5601 Highway A1a Unit 200N · Indian River Shores, FL 32963
3 bd · 3.0 ba · 2,400 sqft · Condo
· 11 Days on market
Built 1977
Garage
$188/sqft
· 31% below area
Est $650k · 31% under
$1863/mo HOA · 31% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Lives like a house! 3BR/3BA 2400sqft condominium. Glass sliders open the entire property to beautiful treetop views. Screened balconies extend 2 lengths of this 2nd floor corner unit. Enjoy Ocean breezes from East 27’ balcony. Extensively renovated floor to ceiling by seller since 2021: New floors, kitchen, appliances ('24), 3 baths. So much storage! 3 huge walk in closets. New AC 12/2025. Accordion shutters. Secure bldg. 2 garage parking spaces + storage. Clubhouse, pool, tennis, pickleball & nature trail. Idyllic parklike setting! All assessments paid! Sizes are approx & subject to change.
Key facts
- Treetop views
- Screened balconies
- Huge walk in closets
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 3-bed/3.0-bath condo listed at $450k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-355 ($-4k/yr) — negative.
- To cash-flow at today's rent, offer at most $399k (11.4% below list).
- Meets the 1% rule at list price ($6k rent vs $450k).
- Recommended offer: $399k (11.4% below list) — sets the bar for cash-flow.
- Cap rate 5.5% 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).
- At $5,929/mo this rent would consume 47% of the median local household income ($150k/yr) (locally 18% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $14k 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.
Negotiation context
- Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
- 2 sale attempts; this cycle's ask has dropped $25k (5%) 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 31% of rent.
- Climate carrying-cost: severe 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.
Recommended offer
$398,562
(11.4% below list)
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- 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?
- 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
- 1.32% ✓
- Cap rate
- 5.52%
- Cash-on-cash
- -2.75%
- DSCR
- 0.88
- GRM
- 6.3
CMA / ARV
- ARV (median comp)
- $650,000
- List price
- $450,000
- Delta
- -30.77%
- Verdict
- UNDERPRICED
- Comps
- 19 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 171 S Camelia Ct | 0.31mi | 3/3.5 | 2,600 (+8%) | 0mo | $3,200,000 | $1,231 | 70 |
| 5601 Highway A1a Hwy Unit 301s | 0.07mi | 2/2.5 (-1) | 2,000 (-17%) | 3mo | $295,000 | $148 | 62 |
| 105 Island Cottage Ln | 0.35mi | 3/2.5 | 2,701 (+12%) | 4mo | $950,000 | $352 | 58 |
| 5690 Highway A1a Unit 301N | 0.21mi | 2/3.5 (-1) | 2,050 (-15%) | 2mo | $705,000 | $344 | 57 |
| 5250 E Harbor Village Dr #201 | 1.48mi | 3/3.0 | 2,522 (+5%) | 3mo | $950,000 | $377 | 54 |
| 111 S Catalina Ct | 0.28mi | 2/2.5 (-1) | 1,945 (-19%) | 4mo | $1,100,000 | $566 | 51 |
| 5 Cache Cay Dr | 1.45mi | 3/2.5 | 2,599 (+8%) | 2mo | $1,530,000 | $589 | 48 |
| 5250 E Harbor Village Dr #102 | 1.48mi | 3/2.5 | 2,146 (-11%) | 3mo | $895,000 | $417 | 43 |
| 5380 E Harbor Village Dr #103 | 1.47mi | 3/3.0 | 2,804 (+17%) | 3mo | $1,000,000 | $357 | 38 |
| 200 Sable Oak Ln #204 | 0.70mi | 3/2.0 | 1,922 (-20%) | 3mo | $800,000 | $416 | 36 |
| 173 Silver Moss Dr | 1.47mi | 3/2.0 | 1,910 (-20%) | 4mo | $2,935,000 | $1,537 | 33 |
| 233 Silver Moss Dr | 1.33mi | 2/2.0 (-1) | 1,925 (-20%) | 3mo | $3,000,000 | $1,558 | 28 |
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
5-year hold
- IRR
- -12.9%
- Equity multiple
- 0.50×
- Total profit
- $-62,952
- Equity at exit
- $67,096
10-year hold
- IRR
- 5.1%
- Equity multiple
- 1.51×
- Total profit
- $63,819
- Equity at exit
- $38,908
Cash invested: $126,000 (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
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.
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
- -20.6% 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
- 6.3×
Monthly cashflow live
↻
- Estimated rent
- $5,929 high interval (Pro) →
- Mortgage (P&I)
- −$2,360
- Tax est. 1.5%
- −$562 /mo · $6,750/yr
- Insurance
- −$188
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$1,863
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$1,245
- Net cashflow
- $-355
Break-even live
Break-even rent
$6,379
Max offer price
$398,562
Occupancy floor
—
Sensitivity live
| Price | -10% $-44 | -5% $-200 | +0% $-355 | +5% $-511 | +10% $-666 |
|---|---|---|---|---|---|
| Rent | -10% $-824 | -5% $-590 | +0% $-355 | +5% $-121 | +10% $113 |
| Rate | -1.0pp $-129 | -0.5pp $-241 | base $-355 | +0.5pp $-472 | +1.0pp $-591 |
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
- $112,500
- Closing costs
- $13,500
- 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 308N Indian River Shores, FL | 2.0 | 2.0 | 1697 | $2,600 | $1.53 | 6d | 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 | 0.03mi |
| 219 Park Shores Cir Unit 219B Vero Beach, FL | 2.0 | 2.5 | 1583 | $3,000 | $1.90 | 109d | 1 | 0.06mi |
| 5601 Jimmy Buffett Memorial Hwy Unit 206C Indian River Shores, FL | 3.0 | 2.0 | 2400 | $6,000 | $2.50 | 116d | 1 | 0.06mi |
| 5680 Jimmy Buffett Memorial Hwy Unit 112 Vero Beach, FL | 3.0 | 3.0 | 2620 | $7,000 | $2.67 | 6d | 1 | 0.20mi |
| 5680 Jimmy Buffett Memorial Hwy Unit 111 Vero Beach, FL | 3.0 | 3.0 | 2050 | $6,000 | $2.93 | 6d | 1 | 0.20mi |
| 5670 Jimmy Buffett Memorial Hwy Unit 315S Vero Beach, FL | 2.0 | 3.5 | 2050 | $7,000 | $3.41 | 116d | 1 | 0.20mi |
| 5725 Jimmy Buffett Memorial Hwy Unit 2 Indian River Shores, FL | 2.0 | 2.5 | 1630 | $8,000 | $4.91 | 6d | 1 | 0.23mi |
| 131 Peppertree Dr #21 Indian River Shores, FL | 2.0 | 2.0 | 1787 | $3,000 | $1.68 | 6d | 1 | 0.23mi |
| 5554 Jimmy Buffett Memorial Hwy Unit 202 Indian River Shores, FL | 2.0 | 2.5 | 1632 | $12,000 | $7.35 | 116d | 1 | 0.24mi |
| 5554 Jimmy Buffett Memorial Hwy Unit 201 Indian River Shores, FL | 2.0 | 2.0 | 1632 | $12,000 | $7.35 | 116d | 1 | 0.24mi |
| 5554 Jimmy Buffett Memorial Hwy Unit 201 Indian River Shores, FL | 2.0 | 2.0 | 1632 | $12,000 | $7.35 | 6d | 1 | 0.24mi |
| 5536 Jimmy Buffett Memorial Hwy Unit 211 Vero Beach, FL | 2.0 | 2.5 | 1632 | $6,000 | $3.68 | 116d | 1 | 0.24mi |
| 5810 Highway A1A Unit 2B Indian River Shores, FL | 2.0 | 3.0 | 1900 | $3,100 | $1.63 | 6d | 1 | 0.26mi |
| 5790 Jimmy Buffett Memorial Hwy Vero Beach, FL | 3.0 | 3.0 | 2300 | $8,500 | $3.70 | 116d | 1 | 0.26mi |
| 270 S Peppertree Dr Vero Beach, FL | 3.0 | 3.0 | 2261 | $3,600 | $1.59 | 116d | 1 | 0.28mi |
| 101 E Park Shores Cir Unit 2 Indian River Shores, FL | 2.0 | 2.0 | 1640 | $2,600 | $1.59 | 109d | 1 | 0.30mi |
| 133 E Park Shores Cir Unit 7E Vero Beach, FL | 2.0 | 2.0 | 1640 | $3,000 | $1.83 | 109d | 1 | 0.31mi |
| 100 River Oak Ln Indian River Shores, FL | 3.0 | 3.0 | 2245 | $13,000 | $5.79 | 6d | 1 | 0.44mi |
| 926 Pebble Ln Vero Beach, FL | 3.0 | 2.0 | 2695 | $15,000 | $5.57 | 116d | 1 | 0.53mi |
| 5101 Jimmy Buffett Memorial Hwy Unit 7 Vero Beach, FL | 4.0 | 2.5 | 1665 | $9,500 | $5.71 | 6d | 1 | 0.57mi |
| 5101 Jimmy Buffett Memorial Hwy Unit 109 Indian River Shores, FL | 3.0 | 2.0 | 1848 | $5,500 | $2.98 | 6d | 1 | 0.58mi |
| 915 Surfsedge Way Indian River Shores, FL | 3.0 | 3.5 | 3000 | $25,000 | $8.33 | 6d | 1 | 0.69mi |
| 4617 Pebble Bay S Indian River Shores, FL | 3.0 | 2.5 | 2240 | $8,250 | $3.68 | 6d | 1 | 0.85mi |
| 902 Tides Rd Vero Beach, FL | 3.0 | 3.0 | 1810 | $8,500 | $4.70 | 109d | 1 | 0.97mi |
| 907 Tropic Dr Vero Beach, FL | 3.0 | 2.0 | 1830 | $10,000 | $5.46 | 116d | 1 | 1.07mi |
| 705 Bahia Mar Rd Vero Beach, FL | 3.0 | 2.0 | 2214 | $14,000 | $6.32 | 3d | 1 | 1.10mi |
| 5000 Highway A1A #320 Vero Beach, FL | 2.0 | 2.0 | 1980 | $5,000 | $2.53 | 116d | 1 | 1.17mi |
| 4836 Bethel Creek Dr Unit 4836 Vero Beach, FL | 2.0 | 2.5 | 1650 | $3,000 | $1.82 | 109d | 1 | 1.23mi |
| 4800 Highway A1A #116 Vero Beach, FL | 2.0 | 2.0 | 1822 | $3,000 | $1.65 | 116d | 1 | 1.26mi |
| 4800 Highway A1A #207 Vero Beach, FL | 2.0 | 2.0 | 1850 | $7,000 | $3.78 | 116d | 1 | 1.26mi |
| 4800 Highway A1A #506 Vero Beach, FL | 2.0 | 2.0 | 1850 | $4,500 | $2.43 | 116d | 1 | 1.26mi |
| 4800 Florida A1A Vero Beach, FL | 2.0 | 2.0 | 1822 | $3,500 | $1.92 | 6d | 1 | 1.26mi |
| 4800 Bethel Creek Dr Unit 5S Vero Beach, FL | 2.0 | 2.5 | 2215 | $5,500 | $2.48 | 109d | 1 | 1.27mi |
| 4770 Highway A1A Vero Beach, FL | 4.0 | 4.5 | 3297 | $40,000 | $12.13 | 116d | 1 | 1.35mi |
| 4601 Sunset Dr Vero Beach, FL | 4.0 | 3.0 | 3092 | $20,000 | $6.47 | 116d | 1 | 1.35mi |
| 60 Cache Cay Dr Vero Beach, FL | 3.0 | 3.0 | 2310 | $5,900 | $2.55 | 6d | 1 | 1.37mi |
| 4601 Highway A1A #208 Vero Beach, FL | 3.0 | 2.0 | 1960 | $4,500 | $2.30 | 6d | 1 | 1.39mi |
| 4601 Highway A1A #503 Vero Beach, FL | 2.0 | 2.0 | 1600 | $6,500 | $4.06 | 6d | 1 | 1.39mi |
| 4601 Highway A1A #103 Vero Beach, FL | 2.0 | 2.0 | 1600 | $2,500 | $1.56 | 116d | 1 | 1.40mi |
Property features AI
Finance
- Other
- Pets allowed (size limits may apply)
- HOA & community
- Homeowners association with monthly feeAssociation amenities include clubhouse, pool, and tennis courtsHOA fee includes cable TV, grounds maintenance, pest control, security, sewer, trash, and recreation facility
Exterior
- Parking
- Covered detached carport (2 spaces)Under-building parkingGarage
- Security
- Association-provided security
- Utilities
- Public waterPublic sewerElectricity connectedCable connected
- Home design
- CondominiumOne levelResale propertyFaces south
- Construction
- Concrete constructionThree-story building total
- Exterior features
- Spanish tile roofOther roof details
Interior
- Kitchen
- DishwasherDisposalElectric range
- Bedrooms
- Three bedrooms on the main level
- Flooring
- TileWood
- Bathrooms
- Three full bathrooms
- Heating & cooling
- Central heating (electric)Central air conditioning (electric)Ceiling fans
- Interior features
- Walk-in closetsSplit bedroom layoutRoman tub
- Laundry & utility
- In-unit laundryElectric water heater
HOA detail $1,863/mo · $22,356/yr condo
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-24days on market $450,000 Active 11 DOM
-
2026-09-22days on market $450,000 Active 10 DOM
-
2026-09-20days on market $450,000 Active 8 DOM
-
2026-09-18days on market $450,000 Active 6 DOM
-
2026-09-17days on market $450,000 Active 5 DOM
-
2026-09-16days on market $450,000 Active 4 DOM
-
2026-09-15days on market $450,000 Active 3 DOM
-
2026-09-15pricedays on market $450,000 Active 2 DOM
-
2026-09-14days on market $475,000 Active 172 DOM
-
2026-09-13days on market $475,000 Active 171 DOM
-
2026-09-12days on market $475,000 Active 170 DOM
-
2026-09-11days on market $475,000 Active 169 DOM
-
2026-09-05days on market $475,000 Active 163 DOM
-
2026-09-04days on market $475,000 Active 162 DOM
-
2026-09-03days on market $475,000 Active 161 DOM
-
2026-08-30days on market $475,000 Active 157 DOM
-
2026-08-29days on market $475,000 Active 156 DOM
-
2026-08-28days on market $475,000 Active 155 DOM
-
2026-08-27days on market $475,000 Active 154 DOM
-
2026-08-26days on market $475,000 Active 153 DOM
-
2026-08-25days on market $475,000 Active 152 DOM
-
2026-08-24days on market $475,000 Active 151 DOM
-
2026-08-23days on market $475,000 Active 150 DOM
-
2026-08-22days on market $475,000 Active 149 DOM
-
2026-08-21days on market $475,000 Active 148 DOM
-
2026-08-20days on market $475,000 Active 147 DOM
-
2026-08-19days on market $475,000 Active 146 DOM
-
2026-08-18days on market $475,000 Active 145 DOM
-
2026-08-17days on market $475,000 Active 144 DOM
-
2026-08-16days on market $475,000 Active 143 DOM
-
2026-08-15days on market $475,000 Active 142 DOM
-
2026-08-14days on market $475,000 Active 141 DOM
-
2026-08-13days on market $475,000 Active 140 DOM
-
2026-08-12days on market $475,000 Active 139 DOM
-
2026-08-11days on market $475,000 Active 138 DOM
-
2026-08-10days on market $475,000 Active 137 DOM
-
2026-08-09days on market $475,000 Active 136 DOM
-
2026-08-08days on market $475,000 Active 135 DOM
-
2026-08-07days on market $475,000 Active 134 DOM
-
2026-08-06days on market $475,000 Active 133 DOM
-
2026-08-05days on market $475,000 Active 132 DOM
-
2026-08-04days on market $475,000 Active 131 DOM
-
2026-08-03days on market $475,000 Active 130 DOM
-
2026-07-31days on market $475,000 Active 127 DOM
-
2026-07-30days on market $475,000 Active 126 DOM
-
2026-07-29days on market $475,000 Active 125 DOM
-
2026-07-27days on market $475,000 Active 123 DOM
-
2026-07-25days on market $475,000 Active 121 DOM
-
2026-07-23days on market $475,000 Active 119 DOM
-
2026-07-22days on market $475,000 Active 118 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 9/10 Extreme FEMA zone X (unshaded) · 98% 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
- $71,147
- − Mortgage interest
- −$25,207
- − Property taxes
- −$6,750
- − Insurance
- −$3,048
- − Repairs & maintenance
- −$5,692
- − Management
- −$5,692
- − HOA
- −$22,356
- − Depreciation
- −$13,091
- Taxable loss
- −$10,688
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$2,565
- After-tax cash flow
- $-1,701/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 · 14 photos
80/100
Cosmetic rehab
Est. rehab $12,000–$36,000 screening
This well-maintained and recently renovated condo is in excellent condition and ready for immediate occupancy. It offers a great location with ocean views and modern amenities.
Value-add opportunities
- Resale Painting the exterior siding and repainting the interior walls — Fresh paint can enhance the home's curb appeal and make it more attractive to potential buyers. ↑
- Resale Updating the flooring with a more modern material — Replacing the hardwood flooring with a more modern material can increase the home's value and appeal to a broader market. ↑
- Resale Upgrading the kitchen appliances — Upgrading the kitchen appliances can make the home more appealing to potential buyers and increase its value. ↑
- Rental Upgrading the HVAC system — Upgrading the HVAC system can improve the home's energy efficiency and reduce utility costs, making it more attractive to renters. ↑
ⓘ 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.
F
Composite school gradezoned avg 46/100
Zoned Schools
Elementary
Beachland Elementary School
C+
FL #832/2,144
Nat'l #9,382/41,679
Middle
Gifford Middle School
D+
FL #305/571
Nat'l #4,522/14,009
High
Vero Beach High School
F
FL #367/667
Nat'l #9,497/17,239
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
C
Composite livability gradescore 68/100
Livability — Indian River Shores
- Score
- 68/100
- State rank
- #517
- US rank
- #9512
Category grades
Amenities F
Commute F
Cost of living F
Crime A+
Employment A+
Housing A-
Health & safety D-
User ratings A+
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
+0.0% since first listed3 events — show timeline
- 2026-03-25 Listed $475,000 RAIRCMLS
- 2026-03-25 Listed $475,000 Beaches MLS
- 2026-03-20 Coming Soon $475,000 RAIRCMLS
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…