62 White Pelican LnMerritt 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 62 White Pelican Ln, Merritt Island, FL, 32953 with 5% annual appreciation on a $515,600 basis while $3,840/mo rent supports operations. Total monthly income totals $3,840/mo and a $2,524/mo payment preserves $418/mo for cash returns. Annual cash flow comes to $5,016/yr on $169,632 deployed, and return on cash invested reaches 23.02% in year one. Equity gained on principal adds $3,327/yr, and five-year appreciation sums $142,451 alongside rental yield of 8.94%. Five-year ROI measures 120.05% and total cumulative return in cash totals $203,650.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,840/mo property income versus a $2,524/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
N/A 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: N/A • N/A
Mls Name: Holiday Builders
Mls ID: #N/A