4009 Judith Ave #28Merritt 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 4009 Judith Ave #28, Merritt Island, FL, 32953 earns $177/mo cash flow from $2,497/mo rent with a $1,711/mo payment. Total monthly income totals $2,497/mo, and annual cash flow totals $2,127/yr on $115,859 capital. ROI tracks 21.75% on current figures, and rental yield reads 8.57% at a $349,500 purchase. Equity gained on principal adds $2,255/yr, and 5% annual appreciation supports $96,560 over five years. Five-year ROI reaches 113.29% and total cumulative return in cash sums $131,257. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,497/mo property income instead of your personal income.
Single Family
Built in 2005
0.92 Acres 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: Gina Caccamo • C. Apollo Realty Inc
Mls Name: Space Coast AOR
Mls ID: #1056296