265 Marlin DrMerritt 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 265 Marlin Dr, Merritt Island, FL, 32952 offers $4,062/mo rent that, after a $3,230/mo payment. Total monthly income is $4,062/mo. Return on cash invested measures 18.31% in year one, and rental yield stands at 7.39% at a $659,900 entry. Equity gained on principal adds $4,258/yr while 5% annual appreciation compounds into $182,318 by year five. Five-year ROI records 94.8% and total cumulative return in cash reaches $205,826. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,062/mo property income versus a $3,230/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
10,018 sqft lot
$N/A/sqft
No 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: Keith Krodel • Reef Realty Florida LLC
Mls Name: Space Coast AOR
Mls ID: #1052156