OFF_MARKETRisky Deal9 days on market

1050 Shady Ln

1050 Shady Ln, Merritt Island, FL 32952, Merritt Island, FL 32952
$975,000
Zestimate®:$967,800

Listing Price

Property image 1
1050 Shady Ln, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
9
Tax Assessed
$521k
Zestimate®
$968k
Market Rate
Lot Size
0.41 acres
Rent Estimate
$5,425/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

8

Tropical Elementary School

PK-6
3.2 mi away
7

Thomas Jefferson Middle School

7-8
2.6 mi away
5

Merritt Island High School

PK,9-12
5.8 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
4.02%
Total ROI
46.2%
Cash Flow
$-1,795/mo
DSCR
0.65
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-04-28Sold$975,000$265
2026-03-05Pending sale$975,000$265
2026-02-20Listed for sale$975,000$265
2019-05-17Sold$309,750$84
2019-04-02Pending sale$360,050$98
2019-03-15Price change$360,050$98
2019-03-13Pending sale$379,000$103
2019-02-21Listed for sale$379,000$103
2008-03-11Listing removed$624,900$170
2008-01-18Listed for sale$624,900$170
2001-11-01Sold$340,000$93

Tax History

YearProperty TaxTax Assessment
2025$4,795.88$351,950
2024$4,460.65$342,040
2023$4,420.8$332,080
2022$4,139.55$322,410
2021$4,332.81$313,020
2020$4,265.44$308,700
2019$2,900.16$205,700
2018$2,900.16$201,870
2017$2,903.54$197,720
2016$2,923.21$193,660
2015$2,968.83$192,320
2014$3,068.01$190,800
2013$0$205,470
2012$2,597.52$184,840
2011$2,708.18$190,920
2010$2,894.98$215,310
2009$3,479.31$263,350
2008$3,767.48$297,000
2007$3,790.06$326,000
2005$4,138.13$366,950
2004$4,174.86$279,360
2003$4,313.62$292,460
2002$3,810.83$216,800
2001$2,338$197,690
2000$2,152.1$182,470
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
5
Baths
3
Sq Ft
3,675
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $975,000Rent Basis: Observed Comp Model ($5,425/mo)State Tax Benchmark: 0.98% (FL)Hazard Reserve: $488/mo
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
4.02%

NOI: $39,166/yr

Cash-on-Cash Yield
-9.6%

On $224,250 invested

DSCR Ratio
0.65x

Negative debt coverage

5-Yr Leveraged ROI
+46.2%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.98% of basis)-$425/mo
Homeowner / Hazard Insurance-$488/mo
Vacancy Reserve (5% of rent)-$271/mo
Repairs & Maintenance (10% of rent)-$543/mo
Property Management (8% of rent)-$434/mo
Total Pure Operating Expenses-$2,161/mo
Net Investor Cash Flow
Gross Scheduled Rent+$5,425/mo
Less: Operating Expenses-$2,161/mo
Net Operating Income (NOI)+$3,264/mo
Less: Debt Service (30yr @ 6.75%)-$5,059/mo
Net Cash Flow
$-1,795/mo
$-21,543/year
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1050 Shady Ln | Merritt Island, FL | Haven AI Analysis | Haven by ScoutHavens