For SaleRisky Deal5 days on market
425 Norwood St
425 Norwood St, Merritt Island, FL 32953, Merritt Island, FL 32953
$260,000
Listing Price
425 Norwood St, Merritt Island, FL 32953
Loc: Merritt Island, FL
Days Listed
5
Tax Assessed
$192k
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
0.1 mi away
7
Thomas Jefferson Middle School
7-8
2.3 mi away
5
Merritt Island High School
PK,9-12
1.1 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 stylesingle-storyconcrete blockpastel exteriortropical landscapingpalm treescurb appealwell-maintained lawnresidentialsuburbansingle-family homecovered entry
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.98%
Total ROI
88.8%
Cash Flow
$-54/mo
DSCR
0.96
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-54/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 |
|---|---|---|---|
| 2026-09-18 | Listed for sale | $260,000 | $250 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,873.24 | $191,960 |
| 2024 | $763.77 | $52,970 |
| 2023 | $747.07 | $51,430 |
| 2022 | $766.81 | $49,940 |
| 2021 | $762.24 | $48,490 |
| 2020 | $723.85 | $47,830 |
| 2019 | $662.35 | $46,760 |
| 2018 | $662.35 | $45,890 |
| 2017 | $653.74 | $44,950 |
| 2016 | $643.65 | $44,030 |
| 2015 | $637.18 | $43,730 |
| 2014 | $633.65 | $43,390 |
| 2013 | $0 | $36,780 |
| 2012 | $163.25 | $34,690 |
| 2011 | $280.91 | $41,300 |
| 2010 | $446.33 | $58,530 |
| 2009 | $419.7 | $74,810 |
| 2008 | $419.8 | $105,500 |
| 2007 | $424.83 | $120,100 |
| 2005 | $443.32 | $80,910 |
| 2004 | $435.44 | $52,750 |
| 2003 | $441.91 | $59,060 |
| 2002 | $424.89 | $50,270 |
| 2001 | $408.52 | $47,690 |
| 2000 | $364.96 | $41,920 |
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