For SaleExcellent Deal16 days on market
1085 Old Parsonage Dr
1085 Old Parsonage Dr, Merritt Island, FL 32952, Merritt Island, FL 32952
$585,000
Estimate®:$562,100
Listing Price
1085 Old Parsonage Dr, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
16
Tax Assessed
$500k
Estimate®
$562k
Market Rate
Lot Size
0.34 acres
Rent Estimate
$6,337/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.
8
Tropical Elementary School
PK-6
3.8 mi away
7
Thomas Jefferson Middle School
7-8
3.2 mi away
5
Merritt Island High School
PK,9-12
6.4 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 exteriorpaver drivewayhip rooflandscaped lawnpalm treessuburbanattached garageresidentialgabled entryspaciouswell-maintainedtraditional
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 9/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
8.57%
Total ROI
145.2%
Cash Flow
$1,143/mo
DSCR
1.38
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $1,143/mo net cash flow with a 8.6% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (8.6%)
- • 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 |
|---|---|---|---|
| 2026-08-04 | Listed for sale | $585,000 | $248 |
| 2026-07-28 | Contingent | $585,000 | $248 |
| 2026-04-15 | Price change | $585,000 | $248 |
| 2026-03-16 | Listed for sale | $614,000 | $261 |
| 2026-03-16 | Listing removed | $619,000 | $263 |
| 2026-01-25 | Price change | $619,000 | $263 |
| 2025-11-19 | Price change | $625,000 | $265 |
| 2025-10-18 | Listed for sale | $650,000 | $276 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,163.2 | $232,270 |
| 2024 | $2,907.1 | $225,730 |
| 2023 | $2,867.55 | $219,160 |
| 2022 | $2,736.52 | $212,780 |
| 2021 | $2,840.1 | $206,590 |
| 2020 | $2,768.72 | $203,740 |
| 2019 | $2,716.78 | $199,160 |
| 2018 | $2,223.93 | $195,450 |
| 2017 | $2,399.88 | $191,430 |
| 2016 | $2,740.62 | $187,500 |
| 2015 | $2,399.88 | $186,200 |
| 2014 | $2,418.83 | $184,730 |
| 2013 | $0 | $200,280 |
| 2012 | $2,493.1 | $178,960 |
| 2011 | $2,600.8 | $184,880 |
| 2010 | $2,631.51 | $199,200 |
| 2009 | $2,421.91 | $233,360 |
| 2008 | $2,421.76 | $264,000 |
| 2007 | $2,498.88 | $285,000 |
| 2005 | $2,720.64 | $308,490 |
| 2004 | $2,740.11 | $240,540 |
| 2003 | $2,828.25 | $222,860 |
| 2002 | $2,780.47 | $195,830 |
| 2001 | $2,715.63 | $170,270 |
| 2000 | $2,501.95 | $154,940 |
Similar Properties Nearby
Explore other investment opportunities in Merritt Island.