1851 Long Iron Dr APT 903RockledgeFL32955
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
Investment Highlights
Rental property for sale in Rockledge at 1851 Long Iron Dr APT 903, Rockledge, FL, 32955 generates $1,669/mo in rent and, after a $881/mo payment, leaves $211/mo in cash flow. Total monthly income is $1,669/mo, and annual cash flow is $2,537/yr on $59,670 invested. Return on cash invested sits at 24.16% in year one, and rental yield is 11.13% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 128.17% and total cumulative return in cash sums $76,481. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,669/mo property income rather than buyer’s personal income.
Condo
Built in 1998
3,049 sqft lot
$N/A/sqft
$204 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin K Brown • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1042280
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.