1430 Lara Cir UNIT 101RockledgeFL32955
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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 Rockledge at 1430 Lara Cir UNIT 101, Rockledge, FL, 32955 generates $3,389/mo in rent and, after a $1,904/mo payment, leaves $300/mo in cash flow. Total monthly income is $3,389/mo, and annual cash flow is $3,606/yr on $128,954 invested. Return on cash invested sits at 22.71% in year one, and rental yield is 10.45% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 120.14% and total cumulative return in cash sums $154,926. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,389/mo property income rather than buyer’s personal income.
Condo
Built in 2019
3,920 sqft lot
$N/A/sqft
$507 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32955, Rockledge, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,998 (100%) |
| Owner Occupied HU | 13,480 (71.0%) |
| Renter Occupied HU | 4,319 (22.7%) |
| Vacant Housing Units | 1,199 ( 6.3%) |
| Median Home Value | $390,473 |
| Average Home Value | $457,707 |
Housing Distribution
Address Breakdown
Residential
17,897
Single Family
15,167
Multi-Family
2,730
Businesses
1,156
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Listed by: Monica McKune • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1029495
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.