5775 Broad Acres StMerritt 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 5775 Broad Acres St, Merritt Island, FL, 32953 earns $871/mo cash flow from $4,355/mo rent with a $2,570/mo payment. Total monthly income totals $4,355/mo, and annual cash flow totals $10,447/yr on $172,725 capital. ROI tracks 26.11% on current figures, and rental yield reads 9.95% at a $525,000 purchase. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 over five years. Five-year ROI reaches 136.64% and total cumulative return in cash sums $236,013. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,355/mo property income instead of your personal income.
Single Family
Built in 1991
0.95 Acres lot
$N/A/sqft
No 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: Jackie Griffin • Florida Lifestyle Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1061903