4351 Timothy DrMerritt 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 4351 Timothy Dr, Merritt Island, FL, 32953 with 5% annual appreciation on a $397,700 basis while $2,988/mo rent supports operations. 8% in year one. Equity gained on principal adds $2,566/yr, and five-year appreciation sums $109,877 alongside rental yield of 9.02%. Five-year ROI measures 104.07% and total cumulative return in cash totals $137,210. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,988/mo property income versus a $1,947/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2003
8,712 sqft lot
$N/A/sqft
$360 monthly 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: Nathan Doty • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1044813
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.