For SaleRisky Deal61 days on market
1291 Potomac Dr
1291 Potomac Dr, Merritt Island, FL 32952, Merritt Island, FL 32952
$415,000
Estimate®:$405,800
Listing Price
1291 Potomac Dr, Merritt Island, FL 32952
Loc: Merritt Island, FL
Days Listed
61
Tax Assessed
$320k
Estimate®
$406k
Market Rate
Lot Size
5,663 sqft
Rent Estimate
$2,746/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
1.8 mi away
7
Thomas Jefferson Middle School
7-8
4.9 mi away
5
Merritt Island High School
PK,9-12
2.4 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
stucco exteriorsingle-storyranch styletwo-car garagearched entrywaylandscaped lawnpalm treesuburbanmodernspacious drivewayneutral color paletteresidentialtiled roof
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
$-508/mo
DSCR
0.76
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-508/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 |
|---|---|---|---|
| 2026-08-31 | Price change | $415,000 | $266 |
| 2026-07-24 | Listed for sale | $419,900 | $269 |
| 2022-07-01 | Sold | $400,000 | $257 |
| 2022-06-13 | Pending sale | $399,900 | $257 |
| 2022-05-29 | Contingent | $399,900 | $257 |
| 2022-05-27 | Price change | $399,900 | $257 |
| 2022-05-18 | Listed for sale | $449,900 | $289 |
| 2004-08-07 | Sold | $180,000 | $115 |
| 1998-05-18 | Sold | $112,700 | $72 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,112.2 | $319,710 |
| 2024 | $4,164.59 | $335,690 |
| 2023 | $4,130.84 | $325,920 |
| 2022 | $1,460.17 | $127,250 |
| 2021 | $1,480.2 | $123,550 |
| 2020 | $1,416.61 | $121,850 |
| 2019 | $1,349.45 | $119,120 |
| 2018 | $1,349.45 | $116,900 |
| 2017 | $1,337.75 | $114,500 |
| 2016 | $1,326.73 | $112,150 |
| 2015 | $1,328.36 | $111,380 |
| 2014 | $944.88 | $110,500 |
| 2013 | $0 | $109,110 |
| 2012 | $961.59 | $107,050 |
| 2011 | $995.41 | $108,880 |
| 2010 | $1,267.35 | $129,350 |
| 2009 | $1,600.09 | $153,940 |
| 2008 | $2,050.15 | $181,000 |
| 2007 | $2,444.04 | $168,000 |
| 2005 | $2,702.51 | $158,440 |
| 2004 | $1,550.65 | $130,090 |
| 2003 | $1,596.58 | $126,290 |
| 2002 | $1,564.53 | $109,590 |
| 2001 | $1,524.83 | $107,240 |
| 2000 | $1,399.05 | $96,410 |
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