3490 Sunset Ridge DrMerritt 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 3490 Sunset Ridge Dr, Merritt Island, FL, 32953 with 5% annual appreciation on a $667,590 basis while $5,840/mo rent supports operations. Total monthly income totals $5,840/mo and a $3,268/mo payment preserves $1,259/mo for cash returns. Annual cash flow comes to $15,111/yr on $219,637 deployed, and return on cash invested reaches 26.94% in year one. Equity gained on principal adds $4,308/yr, and five-year appreciation sums $184,443 alongside rental yield of 10.5%. Five-year ROI measures 141.42% and total cumulative return in cash totals $310,600.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,840/mo property income versus a $3,268/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2014
0.26 Acres lot
$N/A/sqft
$150 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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