834 Woodbine DrMerritt 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
Rental property for sale in Merritt Island at 834 Woodbine Dr, Merritt Island, FL, 32952 priced at $699,995 converts $5,729/mo rent into $1,084/mo cash flow after a $3,426/mo obligation. Total monthly income equals $5,729/mo, and annual cash flow totals $13,006/yr on $230,298 invested. Return on cash invested prints 25.71% in year one, and rental yield reads 9.82% against a $699,995 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation compiles into $193,396 by year five. Five-year ROI reaches 134.49% and total cumulative return in cash sums $309,734. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,729/mo property income covering a $3,426/mo payment, not borrower’s personal income.
Single Family
Built in 2002
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: Matthew R Stebbins • Dalton Wade, Inc.
Mls Name: Space Coast AOR
Mls ID: #1061229