1401 Bishop RdMerritt IslandFL32953
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
Total monthly income runs $2,377/mo, and a $6,803/mo payment. Purchase price stands at $1,390,000, and rental yield measures 2.05% with $2,377/mo rent. Return on cash invested shows 2.13% in year one, and 5% annual appreciation builds toward $384,031 over five years. Five-year ROI reaches 7.99% and total cumulative return in cash records $35,976. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,377/mo property income covering a $6,803/mo payment rather than investor’s personal income.
Single Family
Built in 2025
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32953, Merritt Island, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,436 (100%) |
| Owner Occupied HU | 7,922 (69.3%) |
| Renter Occupied HU | 2,764 (24.2%) |
| Vacant Housing Units | 750 ( 6.6%) |
| Median Home Value | $483,378 |
| Average Home Value | $547,706 |
Housing Distribution
Address Breakdown
Residential
10,935
Single Family
9,935
Multi-Family
1,000
Businesses
793
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Regina M Dempsey • Daignault Realty Inc
Mls Name: Space Coast AOR
Mls ID: #1051049
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.