1275 N Banana River DrMerritt IslandFL32952
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1275 N Banana River Dr, Merritt Island, FL, 32952 uses $165,385 cash to close to unlock $4,057/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $3,649/mo, and a $2,442/mo payment keeps the spread at $338/mo. Purchase price stands at $498,900, and rental yield measures 8.78% with $3,649/mo rent. Return on cash invested shows 22.36% in year one, and 5% annual appreciation builds toward $137,837 over five years. Five-year ROI reaches 116.61% and total cumulative return in cash records $192,850. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,649/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hoover Yap • PRIMESTATE REALTY, INC.
Mls Name: Stellar MLS
Mls ID: #O6359670