4802 Shannock AveMerritt IslandFL32953
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 4802 Shannock Ave, Merritt Island, FL, 32953 earns from $4,390/mo rent with a $3,597/mo payment. Total monthly income totals $4,390/mo. ROI tracks 17.29% on current figures, and rental yield reads 7.17% at a $735,000 purchase. Equity gained on principal adds $4,743/yr, and 5% annual appreciation supports $203,067 over five years. Five-year ROI reaches 89.48% and total cumulative return in cash sums $216,384. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,390/mo property income instead of your personal income.
Single Family
Built in 2020
9,583 sqft lot
$N/A/sqft
$428 semi-annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph P Cholewa • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1023692
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.