214 Channel Ct #1-23RockledgeFL32955
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
Investment property for sale in Rockledge at 214 Channel Ct #1-23, Rockledge, FL, 32955 uses $97,793 cash to close to unlock $4,599/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $2,341/mo, and a $1,444/mo payment keeps the spread at $383/mo. Purchase price stands at $295,000, and rental yield measures 9.52% with $2,341/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 128.69% and total cumulative return in cash records $125,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,341/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 1999
3,484 sqft lot
$N/A/sqft
No 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