833 Woodbine DrMerritt IslandFL32952
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 833 Woodbine Dr, Merritt Island, FL, 32952 at $733,900 posts ROI 21.01% with $192/mo cash flow from $5,062/mo rent. Total monthly income equals $5,062/mo, and annual cash flow records $2,301/yr on $241,453 to close. Return on cash invested measures 21.01% and rental yield reads 8.28% at the current $733,900. Equity gained on principal adds $4,736/yr, and 5% annual appreciation supports $202,763 by year five. Five-year ROI prints 109.32% and total cumulative return in cash totals $263,955.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,062/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1998
0.28 Acres 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: Alma Merrill • LPT REALTY, LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6325284