115 N Indian River Dr APT 219CocoaFL32922
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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
Investment property for sale in Cocoa at 115 N Indian River Dr APT 219, Cocoa, FL, 32922 uses $120,964 cash to close to unlock $9,654/yr annual cash flow and $804/mo monthly cash flow. Total monthly income runs $4,051/mo, and a $1,786/mo payment keeps the spread at $804/mo. Purchase price stands at $364,900, and rental yield measures 13.32% with $4,051/mo rent. Return on cash invested shows 27.89% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 149.21% and total cumulative return in cash records $180,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,051/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1980
3,049 sqft lot
$N/A/sqft
$825 monthly 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: Michael Heacock • Results Team Prop.& Investment
Mls Name: Space Coast AOR
Mls ID: #1031917
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.