420 Moore Park Ln APT 301Merritt IslandFL32952
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 420 Moore Park Ln APT 301, Merritt Island, FL, 32952 at $465,000 posts ROI 22.96% with $392/mo cash flow from $3,478/mo rent. Total monthly income equals $3,478/mo, and annual cash flow records $4,705/yr on $154,148 to close. Return on cash invested measures 22.96% and rental yield reads 8.98% at the current $465,000. Equity gained on principal adds $3,001/yr, and 5% annual appreciation supports $128,471 by year five. Five-year ROI prints 119.82% and total cumulative return in cash totals $184,703.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,478/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2004
2,613 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Wentworth • Coldwell Banker Realty
Mls Name: Space Coast AOR
Mls ID: #1036536