2972 Discovery Pl #50TitusvilleFL32796
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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 Titusville at 2972 Discovery Pl #50, Titusville, FL, 32796 uses $57,681 cash to close to unlock $2,699/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $852/mo payment keeps the spread at $225/mo. Purchase price stands at $174,000, and rental yield measures 9.52% with $1,380/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $48,073 over five years. Five-year ROI reaches 128.52% and total cumulative return in cash records $74,129. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $852/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32796, Titusville, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,787 (100%) |
| Owner Occupied HU | 7,006 (71.6%) |
| Renter Occupied HU | 1,948 (19.9%) |
| Vacant Housing Units | 833 ( 8.5%) |
| Median Home Value | $299,770 |
| Average Home Value | $311,870 |
Housing Distribution
Address Breakdown
Residential
9,376
Single Family
8,934
Multi-Family
442
Businesses
512
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Listed by: Leslie Jean Erdmann • Flamingo Key Real Estate
Mls Name: Space Coast AOR
Mls ID: #1054638