101 Island Grove DrMerritt IslandFL32952
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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 Merritt Island at 101 Island Grove Dr, Merritt Island, FL, 32952 at $728,880 posts ROI 16.75% with from $4,176/mo rent. Total monthly income equals $4,176/mo. Return on cash invested measures 16.75% and rental yield reads 6.88% at the current $728,880. Equity gained on principal adds $4,703/yr, and 5% annual appreciation supports $201,376 by year five. Five-year ROI prints 86.46% and total cumulative return in cash totals $207,335. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,176/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1988
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32952, Merritt Island, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,883 (100%) |
| Owner Occupied HU | 7,588 (76.8%) |
| Renter Occupied HU | 1,504 (15.2%) |
| Vacant Housing Units | 791 ( 8.0%) |
| Median Home Value | $490,042 |
| Average Home Value | $594,380 |
Housing Distribution
Address Breakdown
Residential
9,202
Single Family
8,511
Multi-Family
691
Businesses
561
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Listed by: Amelia A. Yuhas • Coconut Properties Fl Real Est
Mls Name: Space Coast AOR
Mls ID: #1060676