275 Bahama 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
Investment property for sale in Merritt Island at 275 Bahama Dr, Merritt Island, FL, 32952 with 5% annual appreciation on a $399,900 basis while $2,879/mo rent supports operations. Total monthly income totals $2,879/mo and a $1,957/mo payment preserves $226/mo for cash returns. Annual cash flow comes to $2,706/yr on $132,567 deployed, and return on cash invested reaches 21.95% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 8.64%. Five-year ROI measures 114.39% and total cumulative return in cash totals $151,640.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,879/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Arthemise Brissette Dempsey • Coastal Life Properties LLC
Mls Name: Space Coast AOR
Mls ID: #1064320