3372 Armen Dr #5BMerritt 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
Rental property for sale in Merritt Island at 3372 Armen Dr #5B, Merritt Island, FL, 32953 priced at $649,990 pairs $6,074/mo rent with $1,661/mo cash flow after a $3,181/mo payment. Total monthly income equals $6,074/mo, and annual cash flow comes to $19,931/yr on $213,847 invested. Return on cash invested is 29.38% in year one, and rental yield stands at 11.21% on a $649,990 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,580 by year five. Five-year ROI measures 154.39% and total cumulative return in cash reaches $330,155. For financing, Ziffy Mortgage’s DSCR program evaluates $6,074/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
$100 monthly 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: Gretta Akellino • K Hovnanian Florida Realty
Mls Name: Space Coast AOR
Mls ID: #1015969
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.