9400 S Tropical TrlMerritt 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 9400 S Tropical Trl, Merritt Island, FL, 32952 priced at $1,900,000 converts $7,280/mo rent into after a $9,300/mo obligation. Total monthly income equals $7,280/mo. Return on cash invested prints 9.98% in year one, and rental yield reads 4.6% against a $1,900,000 entry. Equity gained on principal adds $12,260/yr, while 5% annual appreciation compiles into $524,935 by year five. Five-year ROI reaches 50.11% and total cumulative return in cash sums $308,451. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,280/mo property income covering a $9,300/mo payment, not borrower’s personal income.
Single Family
Built in 1962
1.50 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: Patrick PJ McLoughlin Jr. • Real Broker, LLC
Mls Name: Space Coast AOR
Mls ID: #1019874
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.