225 Buccaneer Ave #C2-207Merritt 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
Rental property for sale in Merritt Island at 225 Buccaneer Ave #C2-207, Merritt Island, FL, 32952 generates $1,627/mo in rent and, after a $538/mo payment, leaves $507/mo in cash flow. Total monthly income is $1,627/mo, and annual cash flow is $6,089/yr on $36,465 invested. Return on cash invested sits at 36.61% in year one, and rental yield is 17.75% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 197.71% and total cumulative return in cash sums $72,096. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,627/mo property income rather than buyer’s personal income.
Condo
Built in 1964
2,178 sqft lot
$N/A/sqft
$390 monthly 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: Peggy Baker • Coastal Living Realty & Inv.
Mls Name: Space Coast AOR
Mls ID: #1048816
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.