1048 Azalea 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 1048 Azalea Ln, Cocoa, FL, 32922 priced at $276,999 converts $2,040/mo rent into $128/mo cash flow after a $1,356/mo obligation. Total monthly income equals $2,040/mo, and annual cash flow totals $1,541/yr on $91,825 invested. Return on cash invested prints 21.59% in year one, and rental yield reads 8.84% against a $276,999 entry. Equity gained on principal adds $1,787/yr, while 5% annual appreciation compiles into $76,530 by year five. Five-year ROI reaches 112.8% and total cumulative return in cash sums $103,574. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,040/mo property income covering a $1,356/mo payment, not borrower’s personal income.
Single Family
Built in 1957
8,276 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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Listed by: Michele Corriveau • RE/MAX Solutions
Mls Name: Space Coast AOR
Mls ID: #1020728
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.