For SaleRisky Deal12 days on market
540 Barrett Dr
540 Barrett Dr, Merritt Island, FL 32952, Merritt Island, FL 32952
$375,000
Estimate®:$359,900
Listing Price
540 Barrett Dr, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
12
Tax Assessed
$262k
Estimate®
$360k
Market Rate
Lot Size
7,841 sqft
Rent Estimate
$2,327/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
Audubon Elementary School
PK-6
0.9 mi away
7
Thomas Jefferson Middle School
7-8
2.3 mi away
5
Merritt Island High School
PK,9-12
1.9 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 storylight blue exteriorstucco sidingpalm treelow maintenance landscapinggravel patio areacoastal aestheticminimalistcasualoutdoor seatingwhite trimresidential
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.45%
Total ROI
55.5%
Cash Flow
$-556/mo
DSCR
0.71
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-556/mo net cash flow with a 4.5% 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 |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $375,000 | $178 |
| 2026-09-03 | Listing removed | $499,900 | $237 |
| 2026-08-27 | Price change | $499,900 | $237 |
| 2026-08-19 | Price change | $500,000 | $237 |
| 2026-07-23 | Price change | $499,000 | $236 |
| 2026-06-28 | Listed for sale | $529,900 | $251 |
| 2023-04-04 | Sold | $225,000 | $107 |
| 2023-03-27 | Pending sale | $249,990 | $118 |
| 2023-03-09 | Listed for sale | $249,990 | $118 |
| 2023-02-04 | Contingent | $249,990 | $118 |
| 2023-01-20 | Listed for sale | $249,990 | $118 |
| 2023-01-19 | Listing removed | $0 | – |
| 2022-11-30 | Price change | $279,990 | $133 |
| 2022-11-08 | Listed for sale | $299,990 | $142 |
| 2022-09-27 | Sold | $230,000 | $109 |
| 1995-06-02 | Sold | $64,000 | $30 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,435.15 | $262,100 |
| 2024 | $3,394.02 | $269,670 |
| 2023 | $3,973.79 | $275,080 |
| 2022 | $987.36 | $68,010 |
| 2021 | $993.79 | $66,030 |
| 2020 | $935.88 | $65,120 |
| 2019 | $882.1 | $63,660 |
| 2018 | $882.1 | $62,480 |
| 2017 | $880.79 | $61,200 |
| 2016 | $877.84 | $59,950 |
| 2015 | $884.93 | $59,540 |
| 2014 | $853.96 | $53,280 |
| 2013 | $0 | $53,360 |
| 2012 | $457.29 | $51,630 |
| 2011 | $582.48 | $67,010 |
| 2010 | $599.61 | $83,750 |
| 2009 | $561.6 | $97,930 |
| 2008 | $561.07 | $123,200 |
| 2007 | $697.81 | $138,500 |
| 2005 | $742.95 | $113,080 |
| 2004 | $738.55 | $96,620 |
| 2003 | $755.73 | $83,040 |
| 2002 | $734.61 | $71,570 |
| 2001 | $711.87 | $67,240 |
| 2000 | $564.06 | $59,220 |
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