1130 S Tropical TrlMerritt 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
Rental property for sale in Merritt Island at 1130 S Tropical Trl, Merritt Island, FL, 32952 priced at $500,000 converts $5,069/mo rent into $1,751/mo cash flow after a $2,447/mo obligation. Total monthly income equals $5,069/mo, and annual cash flow totals $21,014/yr on $165,750 invested. Return on cash invested prints 32.59% in year one, and rental yield reads 12.17% against a $500,000 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,141 by year five. Five-year ROI reaches 171.43% and total cumulative return in cash sums $284,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,069/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.37 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: Amy J Jupin PA • LPT Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1017446
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.