178 Blue Jay LnMerritt IslandFL32953
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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 178 Blue Jay Ln, Merritt Island, FL, 32953 earns $151/mo cash flow from $1,173/mo rent with a $754/mo payment. Total monthly income totals $1,173/mo, and annual cash flow totals $1,809/yr on $51,051 capital. ROI tracks 23.45% on current figures, and rental yield reads 9.14% at a $154,000 purchase. Equity gained on principal adds $994/yr, and 5% annual appreciation supports $42,547 over five years. Five-year ROI reaches 122.47% and total cumulative return in cash sums $62,522. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,173/mo property income instead of your personal income.
Manufactured
Built in 1994
N/A 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
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Listed by: Bob Lehman • Sunset Home Sales
Mls Name: My State MLS
Mls ID: #11510761