304 N Lake View BlvdCocoaFL32926
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 Cocoa at 304 N Lake View Blvd, Cocoa, FL, 32926 priced at $260,999 converts $2,520/mo rent into $788/mo cash flow after a $1,277/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $9,461/yr on $86,521 invested. Return on cash invested prints 30.84% in year one, and rental yield reads 11.59% against a $260,999 entry. Equity gained on principal adds $1,684/yr, while 5% annual appreciation compiles into $72,109 by year five. Five-year ROI reaches 162.09% and total cumulative return in cash sums $140,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,277/mo payment, not borrower’s personal income.
Single Family
Built in 1966
7,405 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: Gabe Porfilio • MELENTREE REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #S5094011
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511