1600 University Ln APT 1506CocoaFL32922
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow1600 University Ln APT 1506, Cocoa, FL, 32922 in Cocoa earns its strong cash-flow label: 20.29% yield, $1,774/mo rent, $575/mo net income, DSCR 3.76. The $104,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $28,982 by year five. Combined with $966/yr in principal paydown, total projected return reaches $79,182.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.3% | 8.0% |
| Monthly Cash Flow | $575 | $1,000 |
City averages based on Cocoa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,774 |
| Total Monthly Debt Service | $1,157 |
| DSCR Ratio | 1.53x |
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.
Condo
Built in 1986
2,613 sqft lot
$N/A/sqft
$1,300 quarterly 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
Condo
Built in 1986
2,613 sqft lot
$N/A/sqft
$1,300 quarterly 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