For SaleRisky Deal0 days on market
200 S Sykes Creek Pkwy APT A409
200 S Sykes Creek Pkwy APT A409, Merritt Island, FL 32952, Merritt Island, FL 32952
$314,990
Estimate®:$301,800
Listing Price
200 S Sykes Creek Pkwy APT A409, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
0
Tax Assessed
$262k
Estimate®
$302k
Market Rate
Lot Size
1,307 sqft
Rent Estimate
$2,157/mo
Est. Cash Flow base
Type
condo
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
Tropical Elementary School
PK-6
1.2 mi away
7
Thomas Jefferson Middle School
7-8
1.4 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
waterfronthigh-risecondominiummodernstucco exteriorbalconiestennis courtscovered parkingcoastalmulti-familylandscaped groundsresort-stylepanoramic viewsgated community
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.91%
Total ROI
65.7%
Cash Flow
$-344/mo
DSCR
0.79
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-344/mo net cash flow with a 4.9% 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 | $314,990 | $248 |
| 2021-03-16 | Listing removed | $0 | – |
| 2019-09-20 | Listing removed | $284,900 | $225 |
| 2019-08-27 | Pending sale | $284,900 | $225 |
| 2019-06-23 | Listed for sale | $284,900 | $225 |
| 2005-07-20 | Sold | $312,500 | $246 |
| 2003-05-15 | Sold | $155,000 | $122 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,676.88 | $261,870 |
| 2024 | $3,677 | $271,620 |
| 2023 | $3,598.25 | $266,320 |
| 2022 | $3,265.29 | $256,430 |
| 2021 | $3,096.68 | $206,370 |
| 2020 | $2,886.01 | $188,760 |
| 2019 | $1,510.38 | $123,160 |
| 2018 | $1,510.38 | $120,870 |
| 2017 | $1,505.96 | $118,390 |
| 2016 | $1,507.2 | $115,960 |
| 2015 | $1,521.94 | $115,160 |
| 2014 | $1,575.39 | $114,250 |
| 2013 | $0 | $114,000 |
| 2012 | $1,271.54 | $0 |
| 2011 | $1,375.32 | $0 |
| 2010 | $1,323.41 | $0 |
| 2009 | $1,677.77 | $0 |
| 2008 | $2,212.96 | $0 |
| 2007 | $2,912.61 | $0 |
| 2005 | $1,808.95 | $0 |
| 2004 | $1,805.69 | $0 |
| 2003 | $1,109.39 | $0 |
| 2002 | $1,083.64 | $0 |
| 2001 | $1,053.71 | $0 |
| 2000 | $962.62 | $0 |
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