1979 Hofstra DrCocoaFL32926
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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
Investment property for sale in Cocoa at 1979 Hofstra Dr, Cocoa, FL, 32926 with 5% annual appreciation on a $235,000 basis while $1,655/mo rent supports operations. Total monthly income totals $1,655/mo and a $1,150/mo payment preserves $89/mo for cash returns. Annual cash flow comes to $1,066/yr on $77,903 deployed, and return on cash invested reaches 21.28% in year one. Equity gained on principal adds $1,516/yr, and five-year appreciation sums $64,926 alongside rental yield of 8.45%. Five-year ROI measures 110.81% and total cumulative return in cash totals $86,320.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,655/mo property income versus a $1,150/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32926, Cocoa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,362 (100%) |
| Owner Occupied HU | 8,000 (70.4%) |
| Renter Occupied HU | 2,410 (21.2%) |
| Vacant Housing Units | 952 ( 8.4%) |
| Median Home Value | $351,476 |
| Average Home Value | $414,836 |
Housing Distribution
Address Breakdown
Residential
10,556
Single Family
9,989
Multi-Family
567
Businesses
503
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Listed by: Joel Fox • LoKation
Mls Name: Space Coast AOR
Mls ID: #1036460
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.