Venice Plan, Egret's ReserveMerritt IslandFL32953
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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 Venice Plan, Egret's Reserve, Merritt Island, FL, 32953 priced at $661,900 converts $4,483/mo rent into $90/mo cash flow after a $3,240/mo obligation. Total monthly income equals $4,483/mo, and annual cash flow totals $1,082/yr on $217,765 invested. Return on cash invested prints 20.56% in year one, and rental yield reads 8.13% against a $661,900 entry. Equity gained on principal adds $4,271/yr, while 5% annual appreciation compiles into $182,871 by year five. Five-year ROI reaches 106.88% and total cumulative return in cash sums $232,758. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,483/mo property income covering a $3,240/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32953, Merritt Island, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,436 (100%) |
| Owner Occupied HU | 7,922 (69.3%) |
| Renter Occupied HU | 2,764 (24.2%) |
| Vacant Housing Units | 750 ( 6.6%) |
| Median Home Value | $483,378 |
| Average Home Value | $547,706 |
Housing Distribution
Address Breakdown
Residential
10,935
Single Family
9,935
Multi-Family
1,000
Businesses
793
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Listed by: N/A • Maronda Homes
Mls Name: Maronda Homes
Mls Provider:
Mls ID: #N/A