For SaleRisky Deal2 days on market
1660 N Banana River Dr
1660 N Banana River Dr, Merritt Island, FL 32952, Merritt Island, FL 32952
$550,000
Listing Price
1660 N Banana River Dr, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
2
Tax Assessed
$480k
Lot Size
9,583 sqft
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
Audubon Elementary School
PK-6
0.7 mi away
7
Thomas Jefferson Middle School
7-8
3.9 mi away
5
Merritt Island High School
PK,9-12
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 stylesingle-storybrick exteriorvinyl sidingattached garageasphalt shingle roofcovered porchdouble front doorstraditional suburbanlandscaped front yardmulti-pane windowschimneywell-maintainedsingle-family home
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.94%
Total ROI
87.9%
Cash Flow
$-133/mo
DSCR
0.95
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-133/mo net cash flow with a 5.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.9%)
- • 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 | $550,000 | $265 |
| 2016-03-28 | Sold | $329,900 | $159 |
| 2015-08-27 | Listing removed | $0 | – |
| 2015-08-19 | Listed for sale | $0 | – |
| 2015-03-18 | Listing removed | $0 | – |
| 2015-02-27 | Listed for sale | $0 | – |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,929.46 | $386,890 |
| 2024 | $4,655.59 | $375,990 |
| 2023 | $4,621.76 | $365,040 |
| 2022 | $4,320.97 | $354,410 |
| 2021 | $4,546.71 | $344,090 |
| 2020 | $4,527.44 | $339,340 |
| 2019 | $5,090.24 | $335,870 |
| 2018 | $5,090.24 | $337,950 |
| 2017 | $5,014.37 | $279,980 |
| 2016 | $4,588.56 | $264,160 |
| 2015 | $4,537.59 | $172,560 |
| 2014 | $2,592.82 | $171,190 |
| 2013 | $0 | $200,580 |
| 2012 | $2,260.22 | $188,580 |
| 2011 | $2,176.62 | $184,730 |
| 2010 | $1,968.13 | $216,620 |
| 2009 | $1,801.78 | $253,930 |
| 2008 | $1,801.27 | $331,000 |
| 2007 | $1,903.56 | $369,000 |
| 2005 | $2,066.95 | $310,080 |
| 2004 | $2,078.57 | $256,900 |
| 2003 | $2,143.29 | $189,050 |
| 2002 | $2,104.39 | $169,250 |
| 2001 | $2,053.44 | $159,390 |
| 2000 | $1,888.66 | $126,570 |
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