For SaleRisky Deal90 days on market
1580 Mercury St
1580 Mercury St, Merritt Island, FL 32953, Merritt Island, FL 32953
$589,000
Listing Price
1580 Mercury St, Merritt Island, FL 32953
Loc: Merritt Island, FL
Days Listed
90
Tax Assessed
$428k
Lot Size
9,148 sqft
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.
4
Mila Elementary School
PK-6
1.5 mi away
7
Thomas Jefferson Middle School
7-8
3.6 mi away
5
Merritt Island High School
PK,9-12
0.5 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
waterfrontranch-stylecinder blockcanal-frontprivate dockspacious lawnsingle-storyoutdoor livingsunnycoastalbackyardsereneresidentialminimalist
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.08%
Total ROI
91.0%
Cash Flow
$-72/mo
DSCR
0.98
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-72/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.1%)
- • 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 |
|---|---|---|---|
| 2026-08-24 | Price change | $589,000 | $364 |
| 2026-08-01 | Price change | $600,000 | $371 |
| 2026-06-25 | Listed for sale | $610,000 | $377 |
| 2004-09-21 | Sold | $320,000 | $198 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $5,865.96 | $427,930 |
| 2024 | $2,381.14 | $189,310 |
| 2023 | $2,345.61 | $183,800 |
| 2022 | $2,239.9 | $178,450 |
| 2021 | $2,317.94 | $173,260 |
| 2020 | $2,269.19 | $170,870 |
| 2019 | $2,214.61 | $167,030 |
| 2018 | $2,214.61 | $163,920 |
| 2017 | $2,215.87 | $160,550 |
| 2016 | $2,230.76 | $157,250 |
| 2015 | $2,261.1 | $156,160 |
| 2014 | $2,331.18 | $154,930 |
| 2013 | $0 | $165,570 |
| 2012 | $1,971.39 | $150,090 |
| 2011 | $1,909.21 | $146,480 |
| 2010 | $2,108.63 | $167,730 |
| 2009 | $2,436.7 | $196,180 |
| 2008 | $2,915.07 | $226,700 |
| 2007 | $4,031.77 | $301,000 |
| 2005 | $4,245.65 | $231,070 |
| 2004 | $3,885.39 | $175,900 |
| 2003 | $3,533.81 | $157,620 |
| 2002 | $2,962.44 | $143,610 |
| 2001 | $2,502.07 | $138,520 |
| 2000 | $1,988.28 | $99,400 |
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