630 Chase Hammock RdMerritt 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 630 Chase Hammock Rd, Merritt Island, FL, 32953 at $675,000 posts ROI 13.64% with from $3,292/mo rent. Total monthly income equals $3,292/mo. Return on cash invested measures 13.64% and rental yield reads 5.85% at the current $675,000. Equity gained on principal adds $4,356/yr, and 5% annual appreciation supports $186,490 by year five. Five-year ROI prints 69.8% and total cumulative return in cash totals $155,019. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,292/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
3.07 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: Annette M Reynolds • RE/MAX Solutions
Mls Name: Space Coast AOR
Mls ID: #1045486