90 S Tropical WayMerritt 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 90 S Tropical Way, Merritt Island, FL, 32952 earns $542/mo cash flow from $2,682/mo rent with a $1,578/mo payment. Total monthly income totals $2,682/mo, and annual cash flow totals $6,508/yr on $106,909 capital. ROI tracks 26% on current figures, and rental yield reads 9.98% at a $322,500 purchase. Equity gained on principal adds $2,081/yr, and 5% annual appreciation supports $89,101 over five years. Five-year ROI reaches 136.1% and total cumulative return in cash sums $145,508. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,682/mo property income instead of your personal income.
Single Family
Built in 1963
7,405 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: Emily Merbitz • Keller Williams Space Coast
Mls Name: Space Coast AOR
Mls ID: #1058869