For SaleRisky Deal0 days on market
565 Kings Way
565 Kings Way, Merritt Island, FL 32953, Merritt Island, FL 32953
$325,000
Listing Price
565 Kings Way, Merritt Island, FL 32953
Loc: Merritt Island, FL
Days Listed
0
Tax Assessed
$321k
Lot Size
1.08 acres
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.
10
Lewis Carroll Elementary School
PK-6
4.3 mi away
7
Thomas Jefferson Middle School
7-8
8.5 mi away
5
Merritt Island High School
PK,9-12
5.3 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-stylestucco exteriorsingle-storyattached garageconcrete drivewaycovered porchasphalt shingle roofspacious front lawnresidentialsuburbanmature treestraditional architecture
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.82%
Total ROI
85.4%
Cash Flow
$-110/mo
DSCR
0.93
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-110/mo net cash flow with a 5.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.8%)
- • 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 |
|---|---|---|---|
| 2026-09-25 | Listed for sale | $325,000 | $219 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,043.22 | $157,820 |
| 2024 | $1,868.11 | $153,380 |
| 2023 | $1,828.01 | $148,920 |
| 2022 | $1,683.35 | $144,590 |
| 2021 | $1,718.42 | $140,380 |
| 2020 | $1,657.96 | $138,450 |
| 2019 | $1,593.05 | $135,340 |
| 2018 | $1,593.05 | $132,820 |
| 2017 | $1,583.82 | $130,090 |
| 2016 | $1,578.34 | $127,420 |
| 2015 | $1,804.71 | $126,540 |
| 2014 | $1,851.86 | $125,540 |
| 2013 | $0 | $139,410 |
| 2012 | $1,474.76 | $121,630 |
| 2011 | $1,558.82 | $126,270 |
| 2010 | $1,564.65 | $163,370 |
| 2009 | $1,438.01 | $189,290 |
| 2008 | $1,437.27 | $237,800 |
| 2007 | $1,554.37 | $248,800 |
| 2005 | $1,683.53 | $233,730 |
| 2004 | $1,601.34 | $178,940 |
| 2003 | $1,649.09 | $167,570 |
| 2002 | $1,616.43 | $142,740 |
| 2001 | $1,575.68 | $130,620 |
| 2000 | $1,446.08 | $119,360 |
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