120 N Cory DrEdgewaterFL32141
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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 Edgewater at 120 N Cory Dr, Edgewater, FL, 32141 offers $2,448/mo rent that, after a $2,143/mo payment. Total monthly income is $2,448/mo. Return on cash invested measures 16.09% in year one, and rental yield stands at 6.71% at a $437,900 entry. Equity gained on principal adds $2,826/yr while 5% annual appreciation compounds into $120,984 by year five. Five-year ROI records 82.99% and total cumulative return in cash reaches $120,467. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,448/mo property income versus a $2,143/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
9,375 sqft lot
$N/A/sqft
$4 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32141, Edgewater, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,375 (100%) |
| Owner Occupied HU | 7,361 (78.5%) |
| Renter Occupied HU | 1,080 (11.5%) |
| Vacant Housing Units | 934 ( 10.0%) |
| Median Home Value | $323,737 |
| Average Home Value | $348,320 |
Housing Distribution
Address Breakdown
Residential
9,139
Single Family
9,035
Multi-Family
104
Businesses
201
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