365 Newfound Harbor DrMerritt IslandFL32952
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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
Total monthly income runs $3,018/mo, and a $3,177/mo payment. Purchase price stands at $649,000, and rental yield measures 5.58% with $3,018/mo rent. Return on cash invested shows 12.81% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 65.36% and total cumulative return in cash records $139,548. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,018/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Single Family
Built in 1977
1.66 Acres 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
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Listed by: Tina Batista • One Sotheby's International
Mls Name: Space Coast AOR
Mls ID: #1055867