somewhat familiar with heart issues - had a TB dressage gelding years ago that was diagnosed with A-fib and a murmur. But he was 17 then Discovered only because he popped a mild and unrelated fever. Vet put stethoscope on him and said “on my”. Trip to Ohio State vet clinic, mild damage, they said just to watch for exercise intolerance, depression, weight loss. It caught up to him at about 25.
Wondering if your vet gave indication of the grade, and what, if any changes to the heart structure were visible. There is a lot of info in this article; though no specifics, it appears the prognosis is generally worse in it shows up in young horse. https://onlinelibrary.wiley.com/doi/10.1111/jvim.12340.
Very sorry to hear this. My thought is you manage him just like a “regular” yearling but have him rechecked periodically (cardiologist can suggest frequency depending on what was seen on echo). You really wont know much about the impact until he is old enough to do some sort of work/training. On the practical side, sadly, he will likely be very difficult to sell.