For SaleRisky Deal20 days on market
810 S Banana River Dr
810 S Banana River Dr, Merritt Island, FL 32952, Merritt Island, FL 32952
$1,300,000
Listing Price
810 S Banana River Dr, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
20
Tax Assessed
$1039k
Lot Size
0.56 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
Tropical Elementary School
PK-6
2.1 mi away
7
Thomas Jefferson Middle School
7-8
1.6 mi away
5
Merritt Island High School
PK,9-12
3.4 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-storystucco exteriortiled roofwaterfront propertymature treeslandscaped yardpaver drivewayinviting entrancesunset backdropsuburbanspacious exteriorcalm atmosphere
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.01%
Total ROI
89.5%
Cash Flow
$-236/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-236/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 |
|---|---|---|---|
| 2026-09-15 | Listed for sale | $1,300,000 | $383 |
| 2026-09-07 | Contingent | $1,300,000 | $383 |
| 2026-09-03 | Listed for sale | $1,300,000 | $383 |
| 2024-02-29 | Sold | $1,320,000 | $389 |
| 2024-01-09 | Pending sale | $1,400,000 | $412 |
| 2023-12-13 | Listed for sale | $1,400,000 | $412 |
| 2020-03-31 | Listing removed | $988,500 | $291 |
| 2019-07-24 | Price change | $988,500 | $291 |
| 2019-06-11 | Listed for sale | $1,100,000 | $324 |
| 2019-03-21 | Listing removed | $1,287,000 | $379 |
| 2018-11-30 | Listed for sale | $1,287,000 | $379 |
| 2016-07-18 | Sold | $524,000 | $154 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $12,926.79 | $1,038,890 |
| 2024 | $9,658.39 | $785,920 |
| 2023 | $10,617.58 | $844,620 |
| 2022 | $8,544.6 | $724,130 |
| 2021 | $7,913.92 | $554,430 |
| 2020 | $8,104.55 | $560,750 |
| 2019 | $7,890.65 | $532,520 |
| 2018 | $7,890.65 | $493,670 |
| 2017 | $7,469.43 | $421,210 |
| 2016 | $6,773.59 | $276,340 |
| 2015 | $2,712.95 | $251,000 |
| 2014 | $2,803.55 | $251,000 |
| 2013 | $0 | $257,510 |
| 2012 | $2,415.64 | $236,010 |
| 2011 | $2,327.72 | $243,180 |
| 2010 | $2,105.2 | $276,710 |
| 2009 | $1,927.49 | $393,100 |
| 2008 | $1,927.03 | $468,000 |
| 2007 | $2,024.17 | $483,000 |
| 2005 | $2,199.35 | $432,020 |
| 2004 | $2,166.29 | $343,090 |
| 2003 | $2,234.09 | $338,520 |
| 2002 | $2,194.02 | $243,370 |
| 2001 | $2,141.26 | $229,920 |
| 2000 | $1,970.01 | $219,670 |
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