75 Peck AveMerritt 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 75 Peck Ave, Merritt Island, FL, 32952 at $499,000 posts ROI 9.18% with from $1,832/mo rent. Total monthly income equals $1,832/mo. Return on cash invested measures 9.18% and rental yield reads 4.41% at the current $499,000. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 by year five. Five-year ROI prints 45.87% and total cumulative return in cash totals $75,882. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,832/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
7,840 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: Shane F Sorenson • Coastal Life Properties LLC
Mls Name: Space Coast AOR
Mls ID: #1065168