Venice Plan, Island Forest PreserveMerritt IslandFL32953
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
Rental property for sale in Merritt Island at Venice Plan, Island Forest Preserve, Merritt Island, FL, 32953 offers $4,740/mo rent that, after a $2,643/mo payment, leaves $1,157/mo cash flow. Total monthly income is $4,740/mo, and annual cash flow is $13,880/yr on $177,627 cash. Return on cash invested measures 27.87% in year one, and rental yield stands at 10.54% at a $539,900 entry. Equity gained on principal adds $3,484/yr while 5% annual appreciation compounds into $149,164 by year five. Five-year ROI records 146.12% and total cumulative return in cash reaches $259,543. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,740/mo property income versus a $2,643/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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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Nearby investment properties with comparable prices
Listed by: N/A • Maronda Homes
Mls Name: Maronda Homes
Mls Provider:
Mls ID: #N/A