1042 Hickory LnCocoaFL32922
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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 Cocoa at 1042 Hickory Ln, Cocoa, FL, 32922 priced at $308,900 converts $2,669/mo rent into $619/mo cash flow after a $1,512/mo obligation. Total monthly income equals $2,669/mo, and annual cash flow totals $7,428/yr on $102,400 invested. Return on cash invested prints 27.16% in year one, and rental yield reads 10.37% against a $308,900 entry. Equity gained on principal adds $1,993/yr, while 5% annual appreciation compiles into $85,343 by year five. Five-year ROI reaches 142.31% and total cumulative return in cash sums $145,726. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,669/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32922, Cocoa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,950 (100%) |
| Owner Occupied HU | 3,173 (39.9%) |
| Renter Occupied HU | 3,888 (48.9%) |
| Vacant Housing Units | 889 (11.2%) |
| Median Home Value | $240,181 |
| Average Home Value | $315,702 |
Housing Distribution
Address Breakdown
Residential
7,100
Single Family
5,279
Multi-Family
1,821
Businesses
874
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