200 S Banana River Dr LOT C15Merritt 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 200 S Banana River Dr LOT C15, Merritt Island, FL, 32952 with 5% annual appreciation on a $149,900 basis while $3,112/mo rent supports operations. Total monthly income totals $3,112/mo and a $734/mo payment preserves $2,117/mo for cash returns. Annual cash flow comes to $25,403/yr on $49,692 deployed, and return on cash invested reaches 71.03% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 24.91%. Five-year ROI measures 377.56% and total cumulative return in cash totals $187,619.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,112/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1984
N/A 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: Bunny Butera • Sunset Home Sales
Mls Name: My State MLS
Mls ID: #11287314