1419 Melrose StCocoaFL32922
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThere's a case for owning boring assets in strong markets. Rental yield 7.51%. It won't spike overnight, but it will produce quarter after quarter of U.S. dollar income with long-run appreciation. Ziffy Mortgage's DSCR loan removes U.S. income documentation barriers for non-residents. Five-year appreciation of $85,647 and $2,855/yr in equity build project total return of $110,592.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 8.0% |
| Monthly Cash Flow | $(118) | $1,000 |
City averages based on Cocoa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,939 |
| Total Monthly Debt Service | $1,934 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1956
1.10 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1956
1.10 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alicia Hart • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1033613
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.