420 Moore Park Ln #G203Merritt 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
Investment property for sale in Merritt Island at 420 Moore Park Ln #G203, Merritt Island, FL, 32952 listed at $352,500 pairs $4,038/mo rent with a $1,725/mo payment to leave $1,180/mo cash flow. Total monthly income runs $4,038/mo, and annual cash flow reaches $14,161/yr on $116,854 cash to close. Return on cash invested measures 32.03% in year one, and rental yield registers 13.75% at a $352,500 basis. Equity gained on principal adds $2,275/yr, and annual property appreciation at 5% supports $97,389 by year five. Five-year ROI tracks 170.38% and total cumulative return in cash totals $199,099. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,038/mo property income relative to a $1,725/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
1,742 sqft lot
$N/A/sqft
$519 monthly 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: N/A • N/A
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