For SaleRisky Deal77 days on market
520 E Merrimac Dr
520 E Merrimac Dr, Merritt Island, FL 32952, Merritt Island, FL 32952
$364,500
Estimate®:$353,300
Listing Price
520 E Merrimac Dr, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
77
Tax Assessed
$279k
Estimate®
$353k
Market Rate
Lot Size
7,841 sqft
Rent Estimate
$2,410/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
2 mi away
7
Thomas Jefferson Middle School
7-8
1.7 mi away
5
Merritt Island High School
PK,9-12
3.1 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-stylesuburbanwaterfrontsingle-storyattached garageasphalt shingle rooflarge lawnstucco exteriorcanal accessmature landscapingcozyresidentialcoastalestablished neighborhood
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.76%
Total ROI
62.3%
Cash Flow
$-445/mo
DSCR
0.76
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-445/mo net cash flow with a 4.8% 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 |
|---|---|---|---|
| 2026-07-28 | Price change | $364,500 | $299 |
| 2026-07-09 | Listed for sale | $374,500 | $307 |
| 2021-11-05 | Sold | $290,000 | $238 |
| 2021-10-14 | Contingent | $295,000 | $242 |
| 2021-10-09 | Price change | $295,000 | $242 |
| 2021-09-01 | Price change | $309,900 | $254 |
| 2021-08-30 | Listed for sale | $299,900 | $246 |
| 2021-08-23 | Listing removed | $0 | – |
| 2021-07-08 | Listed for sale | $299,900 | $246 |
| 2021-06-28 | Listing removed | $0 | – |
| 2021-06-22 | Price change | $299,900 | $246 |
| 2021-06-11 | Listed for sale | $329,900 | $271 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,998.08 | $278,920 |
| 2024 | $3,659.41 | $264,200 |
| 2023 | $3,399.72 | $232,950 |
| 2022 | $3,462.5 | $248,140 |
| 2021 | $852.22 | $67,420 |
| 2020 | $803.61 | $66,490 |
| 2019 | $752.26 | $65,000 |
| 2018 | $244.34 | $63,790 |
| 2017 | $371.83 | $62,480 |
| 2016 | $743.24 | $61,200 |
| 2015 | $371.83 | $60,780 |
| 2014 | $373.36 | $60,300 |
| 2013 | $0 | $62,610 |
| 2012 | $389.6 | $58,420 |
| 2011 | $406.77 | $60,470 |
| 2010 | $457.85 | $70,850 |
| 2009 | $452.79 | $108,950 |
| 2008 | $452.23 | $127,500 |
| 2007 | $545.8 | $146,200 |
| 2005 | $517.63 | $120,780 |
| 2004 | $499.02 | $78,270 |
| 2003 | $503.7 | $72,000 |
| 2002 | $520.96 | $60,630 |
| 2001 | $540.22 | $57,280 |
| 2000 | $519.45 | $49,250 |
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