21 Riverside Dr APT 901CocoaFL32922
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 21 Riverside Dr APT 901, Cocoa, FL, 32922 in Cocoa at $1,179,000, 4.41% gross yield, is a market-growth asset. Rental yield 4.41%. The $4,333/mo rent partially funds the $5,302/mo debt service; the core return is the 5%/yr price growth projected to add $325,736 over five years. Ziffy Mortgage's DSCR mortgage (0.82) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $110,565.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 8.0% |
| Monthly Cash Flow | $(5,393) | $1,000 |
City averages based on Cocoa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,333 |
| Total Monthly Debt Service | $9,257 |
| DSCR Ratio | 0.47x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2004
2,178 sqft lot
$N/A/sqft
$1,742 monthly 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 2004
2,178 sqft lot
$N/A/sqft
$1,742 monthly 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: Grace Vista • Dale Sorensen Real Estate Inc.
Mls Name: Space Coast AOR
Mls ID: #1028015
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.