202 Ivory Coral Ln #504Merritt 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 202 Ivory Coral Ln #504, Merritt Island, FL, 32953 listed at $396,400 pairs $3,366/mo rent with a $1,940/mo payment to leave $152/mo cash flow. Total monthly income runs $3,366/mo, and annual cash flow reaches $1,828/yr on $131,407 cash to close. Return on cash invested measures 21.3% in year one, and rental yield registers 10.19% at a $396,400 basis. Equity gained on principal adds $2,558/yr, and annual property appreciation at 5% supports $109,518 by year five. Five-year ROI tracks 112.84% and total cumulative return in cash totals $148,286. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,366/mo property income relative to a $1,940/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2020
435 sqft lot
$N/A/sqft
$358 monthly 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: N/A • N/A
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