115 N Indian River Dr APT 421CocoaFL32922
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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
Total monthly income runs $2,830/mo, and a $1,860/mo payment. Purchase price stands at $380,000, and rental yield measures 8.94% with $2,830/mo rent. Return on cash invested shows 14.99% in year one, and 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 79.91% and total cumulative return in cash records $100,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,830/mo property income covering a $1,860/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: Tami Leliuga • Coldwell Banker Paradise
Mls Name: Space Coast AOR
Mls ID: #1028457
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