For SaleRisky Deal48 days on market
1515 Carmen St
1515 Carmen St, Merritt Island, FL 32952, Merritt Island, FL 32952
$440,000
Listing Price
1515 Carmen St, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
48
Tax Assessed
$281k
Lot Size
0.27 acres
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.
8
Audubon Elementary School
PK-6
0.3 mi away
7
Thomas Jefferson Middle School
7-8
2.9 mi away
5
Merritt Island High School
PK,9-12
1.9 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-storyattached garagebrick accentsstucco exteriorwell-maintained lawnmature treescovered entrywayscreened front doorsuburbantraditional residentialasphalt shingle roofcurb appeal
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.17%
Total ROI
92.9%
Cash Flow
$-22/mo
DSCR
0.99
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-22/mo net cash flow with a 6.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.2%)
- • 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 |
|---|---|---|---|
| 2026-08-18 | Listed for sale | $440,000 | $302 |
| 2026-08-10 | Contingent | $440,000 | $302 |
| 2026-08-06 | Listed for sale | $440,000 | $302 |
| 2026-05-09 | Listing removed | $440,000 | $302 |
| 2026-04-21 | Listed for sale | $440,000 | $302 |
| 2024-05-28 | Listing removed | $0 | – |
| 2024-05-02 | Listed for rent | $2,600 | $2 |
| 2014-07-24 | Listing removed | $1,500 | $1 |
| 2014-07-14 | Listed for rent | $1,500 | $1 |
| 1994-12-30 | Sold | $91,000 | $62 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,110.36 | $281,320 |
| 2024 | $4,094.41 | $306,130 |
| 2023 | $3,959.75 | $295,040 |
| 2022 | $3,602.37 | $286,160 |
| 2021 | $3,271.69 | $207,320 |
| 2020 | $3,160.97 | $198,210 |
| 2019 | $3,172.96 | $196,980 |
| 2018 | $3,172.96 | $190,640 |
| 2017 | $3,119.09 | $172,860 |
| 2016 | $2,967.87 | $153,760 |
| 2015 | $2,819.69 | $142,950 |
| 2014 | $2,743.01 | $130,750 |
| 2013 | $0 | $119,910 |
| 2012 | $2,012.17 | $113,280 |
| 2011 | $2,205.64 | $124,060 |
| 2010 | $2,260.9 | $138,240 |
| 2009 | $1,388.54 | $166,510 |
| 2008 | $1,387.87 | $190,000 |
| 2007 | $1,506.93 | $212,000 |
| 2005 | $1,097.55 | $171,690 |
| 2004 | $1,097.53 | $138,520 |
| 2003 | $1,127.45 | $109,060 |
| 2002 | $1,101.53 | $91,950 |
| 2001 | $1,071.33 | $86,930 |
| 2000 | $978.84 | $75,840 |
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