1623 E Central AveMerritt 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 1623 E Central Ave, Merritt Island, FL, 32952 earns $150/mo cash flow from $4,523/mo rent with a $3,225/mo payment. Total monthly income totals $4,523/mo, and annual cash flow totals $1,803/yr on $216,811 capital. ROI tracks 20.89% on current figures, and rental yield reads 8.24% at a $659,000 purchase. Equity gained on principal adds $4,252/yr, and 5% annual appreciation supports $182,070 over five years. Five-year ROI reaches 108.68% and total cumulative return in cash sums $235,627. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,523/mo property income instead of your personal income.
Single Family
Built in 1963
10,454 sqft 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: Andrew Barclay • Compass Florida, LLC
Mls Name: Space Coast AOR
Mls ID: #1062568