For SaleRisky Deal1 days on market
6231 Andromeda Ave
6231 Andromeda Ave, Merritt Island, FL 32953, Merritt Island, FL 32953
$625,000
Estimate®:$606,500
Listing Price
6231 Andromeda Ave, Merritt Island, FL 32953
Loc: Merritt Island, FL
Days Listed
1
Tax Assessed
$464k
Estimate®
$607k
Market Rate
Lot Size
0.28 acres
Rent Estimate
$3,628/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.
10
Lewis Carroll Elementary School
PK-6
5.4 mi away
7
Thomas Jefferson Middle School
7-8
9.5 mi away
5
Merritt Island High School
PK,9-12
6.5 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-storypaver drivewaythree-car garagestone veneerstucco exteriorgabled rooflandscapedsuburbanpalm treesmodern traditionalneutral color palette
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.03%
Total ROI
46.6%
Cash Flow
$-1,141/mo
DSCR
0.65
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,141/mo net cash flow with a 4.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Merritt Island, FL
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-23 | Listed for sale | $625,000 | $256 |
| 2023-11-14 | Sold | $588,300 | $241 |
| 2023-11-04 | Pending sale | $588,300 | $241 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,488.97 | $464,100 |
| 2024 | $7,299 | $550,380 |
| 2023 | $248.19 | $20,000 |
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