2275 Sykes Creek DrMerritt 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
Investment property for sale in Merritt Island at 2275 Sykes Creek Dr, Merritt Island, FL, 32953 uses $160,778 cash to close to unlock $9,927/yr annual cash flow and $827/mo monthly cash flow. Total monthly income runs $4,046/mo, and a $2,374/mo payment keeps the spread at $827/mo. Purchase price stands at $485,000, and rental yield measures 10.01% with $4,046/mo rent. Return on cash invested shows 26.08% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 136.56% and total cumulative return in cash records $219,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,046/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1982
8,712 sqft 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: Gregory Ellingson • Ellingson Properties
Mls Name: Space Coast AOR
Mls ID: #1060209