190 Florida BlvdMerritt 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 190 Florida Blvd, Merritt Island, FL, 32953 at $525,000 posts ROI 69.58% with $7,127/mo cash flow from $10,620/mo rent. Total monthly income equals $10,620/mo, and annual cash flow records $85,527/yr on $172,725 to close. Return on cash invested measures 69.58% and rental yield reads 24.27% at the current $525,000. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 by year five. Five-year ROI prints 369.78% and total cumulative return in cash totals $638,709.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $10,620/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1977
9,583 sqft lot
$N/A/sqft
$100 annually 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: Michelle Ruether • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1015082
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.