1023 Sycamore DrRockledgeFL32955
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Rockledge at 1023 Sycamore Dr, Rockledge, FL, 32955 priced at $300,000 converts $2,352/mo rent into $362/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,352/mo, and annual cash flow totals $4,338/yr on $99,450 invested. Return on cash invested prints 24.27% in year one, and rental yield reads 9.41% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 126.84% and total cumulative return in cash sums $126,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,352/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32955, Rockledge, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,998 (100%) |
| Owner Occupied HU | 13,480 (71.0%) |
| Renter Occupied HU | 4,319 (22.7%) |
| Vacant Housing Units | 1,199 ( 6.3%) |
| Median Home Value | $390,473 |
| Average Home Value | $457,707 |
Housing Distribution
Address Breakdown
Residential
17,897
Single Family
15,167
Multi-Family
2,730
Businesses
1,156
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Listed by: Richard Lemon • Keller Williams Space Coast
Mls Name: MIAMI
Mls Provider:
Mls ID: #A11699623
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.