7057 Preserve Pointe DrMerritt 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
Rental property for sale in Merritt Island at 7057 Preserve Pointe Dr, Merritt Island, FL, 32953 priced at $759,950 converts $4,631/mo rent into after a $3,720/mo obligation. Total monthly income equals $4,631/mo. Return on cash invested prints 17.7% in year one, and rental yield reads 7.31% against a $759,950 entry. Equity gained on principal adds $4,904/yr, while 5% annual appreciation compiles into $209,960 by year five. Five-year ROI reaches 91.68% and total cumulative return in cash sums $229,210. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,631/mo property income covering a $3,720/mo payment, not borrower’s personal income.
Single Family
Built in 2024
1 Acres lot
$N/A/sqft
$80 monthly 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: Michelle Daignault-Ives • DAIGNAULT REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6259888
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511