2115 Leeward LnMerritt IslandFL32953
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Merritt Island at 2115 Leeward Ln, Merritt Island, FL, 32953 offers $3,840/mo rent that, after a $5,922/mo payment. Total monthly income is $3,840/mo. Return on cash invested measures 7.55% in year one, and rental yield stands at 3.81% at a $1,210,000 entry. Equity gained on principal adds $7,808/yr while 5% annual appreciation compounds into $334,301 by year five. Five-year ROI records 37.05% and total cumulative return in cash reaches $145,243. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $5,922/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
0.27 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Koleno • Beycome of Florida LLC
Mls Name: Space Coast AOR
Mls ID: #1056802