3172 Glenridge 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
Investment property for sale in Merritt Island at 3172 Glenridge Cir, Merritt Island, FL, 32953 uses $197,367 cash to close to unlock $22,221/yr annual cash flow and $1,852/mo monthly cash flow. Total monthly income runs $5,863/mo, and a $2,936/mo payment keeps the spread at $1,852/mo. Purchase price stands at $599,900, and rental yield measures 11.73% with $5,863/mo rent. Return on cash invested shows 31.32% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 164.65% and total cumulative return in cash records $324,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,863/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 2007
6,534 sqft lot
$N/A/sqft
$365 annually 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: Cristina Engel • Cornell Real Estate
Mls Name: Space Coast AOR
Mls ID: #1006807
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.