2340 Raintree Lake CirMerritt 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
Rental property for sale in Merritt Island at 2340 Raintree Lake Cir, Merritt Island, FL, 32953 generates $3,569/mo in rent and, after a $1,904/mo payment, leaves $987/mo in cash flow. Total monthly income is $3,569/mo, and annual cash flow is $11,850/yr on $128,954 invested. Return on cash invested sits at 29.1% in year one, and rental yield is 11.01% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 152.72% and total cumulative return in cash sums $196,938. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,569/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
7,840 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
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Listed by: Linda D Wise • Tropical Realty & Inv. of Brev
Mls Name: Space Coast AOR
Mls ID: #1051087