119 Explorer StCocoaFL32922
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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 119 Explorer St, Cocoa, FL, 32922 with 5% annual appreciation on a $176,000 basis while $1,650/mo rent supports operations. Total monthly income totals $1,650/mo and a $861/mo payment preserves $482/mo for cash returns. Annual cash flow comes to $5,790/yr on $58,344 deployed, and return on cash invested reaches 29.83% in year one. Equity gained on principal adds $1,136/yr, and five-year appreciation sums $48,626 alongside rental yield of 11.25%. Five-year ROI measures 156.68% and total cumulative return in cash totals $91,413.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,650/mo property income versus a $861/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
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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