325 Simpson CirMerritt IslandFL32952
Nearby investment properties with comparable rents
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 325 Simpson Cir, Merritt Island, FL, 32952 generates $1,024/mo in rent and, after a $631/mo payment, leaves $168/mo in cash flow. Total monthly income is $1,024/mo, and annual cash flow is $2,020/yr on $42,764 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 9.53% on a $129,000 entry. Equity gained on principal adds $832/yr, while 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 128.83% and total cumulative return in cash sums $55,093. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,024/mo property income rather than buyer’s personal income.
Manufactured
Built in 2013
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Stegmeier • Sunset Home Sales
Mls Name: My State MLS
Mls ID: #11577641