270 W Lauren CtMerritt IslandFL32952
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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 270 W Lauren Ct, Merritt Island, FL, 32952 priced at $315,000 pairs $2,135/mo rent with $44/mo cash flow after a $1,542/mo payment. Total monthly income equals $2,135/mo, and annual cash flow comes to $532/yr on $104,423 invested. Return on cash invested is 20.42% in year one, and rental yield stands at 8.13% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 106.19% and total cumulative return in cash reaches $110,885. For financing, Ziffy Mortgage’s DSCR program evaluates $2,135/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1963
7,840 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: Teresa Thompson • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1053222