365 Baker RdMerritt 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 365 Baker Rd, Merritt Island, FL, 32953 offers a 11.97% rental yield on a $144,900 purchase with $1,445/mo rent. Total monthly income registers $1,445/mo, and a $709/mo payment leaves $484/mo available for distribution. Annual cash flow reaches $5,804/yr on $48,034 to close, and return on cash invested stands at 31.99% in year one. Equity gained on principal adds $935/yr while 5% annual appreciation supports $40,033 over five years. Portfolio math shows five-year ROI at 168.26% and total cumulative return in cash at $80,821. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,445/mo property income against a $709/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1971
8,712 sqft lot
$N/A/sqft
No 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: Jaimie Lynn Long • EXP Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1045703