For SaleRisky Deal1 days on market
385 Island Oaks Pl
385 Island Oaks Pl, Merritt Island, FL 32953, Merritt Island, FL 32953
$329,900
Listing Price
385 Island Oaks Pl, Merritt Island, FL 32953
Loc: Merritt Island, FL
Days Listed
1
Tax Assessed
$254k
Lot Size
7,841 sqft
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
Mila Elementary School
PK-6
0.3 mi away
7
Thomas Jefferson Middle School
7-8
2.4 mi away
5
Merritt Island High School
PK,9-12
1.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylestucco exteriorsingle-storyattached garagemature landscapingpeach exteriorasphalt shingle roofresidentialsuburbanlarge treefront yarddrivewaytraditional architecture
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.04%
Total ROI
90.1%
Cash Flow
$-52/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-52/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Merritt Island
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-22 | Listed for sale | $329,900 | $202 |
| 2026-09-01 | Listing removed | $324,900 | $199 |
| 2026-08-24 | Contingent | $324,900 | $199 |
| 2026-07-20 | Price change | $324,900 | $199 |
| 2026-05-20 | Price change | $324,500 | $199 |
| 2026-05-02 | Price change | $324,900 | $199 |
| 2026-03-09 | Pending sale | $324,500 | $199 |
| 2026-01-26 | Contingent | $324,900 | $199 |
| 2026-01-19 | Price change | $324,900 | $199 |
| 2026-01-13 | Price change | $324,500 | $199 |
| 2025-12-29 | Price change | $329,500 | $202 |
| 2025-11-22 | Price change | $338,860 | $208 |
| 2025-11-06 | Listed for sale | $349,000 | $214 |
| 2025-09-26 | Listing removed | $329,900 | $202 |
| 2025-09-24 | Listed for sale | $329,900 | $202 |
| 2025-09-04 | Pending sale | $329,900 | $202 |
| 2025-09-04 | Contingent | $329,900 | $202 |
| 2025-08-01 | Price change | $329,900 | $202 |
| 2025-07-21 | Pending sale | $334,000 | $205 |
| 2025-07-21 | Contingent | $334,000 | $205 |
| 2025-07-10 | Price change | $334,000 | $205 |
| 2025-03-15 | Price change | $349,000 | $214 |
| 2025-02-18 | Price change | $360,000 | $221 |
| 2025-01-04 | Listed for sale | $375,000 | $230 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,775.81 | $254,450 |
| 2024 | $3,841.18 | $271,730 |
| 2023 | $3,866.19 | $267,320 |
| 2022 | $3,518.63 | $253,640 |
| 2021 | $3,468.29 | $224,070 |
| 2020 | $3,207.1 | $202,620 |
| 2019 | $3,240.12 | $202,770 |
| 2018 | $3,240.12 | $107,900 |
| 2017 | $1,414.26 | $105,690 |
| 2016 | $1,411.16 | $103,520 |
| 2015 | $1,419.96 | $102,810 |
| 2014 | $1,446.57 | $102,000 |
| 2013 | $0 | $108,330 |
| 2012 | $1,069.58 | $98,820 |
| 2011 | $1,100.81 | $100,510 |
| 2010 | $1,097.39 | $113,060 |
| 2009 | $1,003.05 | $146,730 |
| 2008 | $1,002.09 | $171,000 |
| 2007 | $1,136.85 | $181,000 |
| 2005 | $1,221.64 | $169,720 |
| 2004 | $1,223.02 | $124,720 |
| 2003 | $1,257.3 | $111,730 |
| 2002 | $1,229.67 | $93,570 |
| 2001 | $1,196.85 | $88,230 |
| 2000 | $1,095.1 | $76,500 |
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