515 Landings Way APT 82Merritt 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 515 Landings Way APT 82, Merritt Island, FL, 32952 offers a 14.35% rental yield on a $149,900 purchase with $1,792/mo rent. Total monthly income registers $1,792/mo, and a $734/mo payment leaves $797/mo available for distribution. Annual cash flow reaches $9,563/yr on $49,692 to close, and return on cash invested stands at 39.15% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 206.64% and total cumulative return in cash at $102,683. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,792/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
2,178 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
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Listed by: Aaron Young • Island Pineapple Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1067166