307 Meridian Run Dr #97CocoaFL32926
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 Cocoa at 307 Meridian Run Dr #97, Cocoa, FL, 32926 listed at $317,700 pairs $2,597/mo rent with a $1,555/mo payment to leave $244/mo cash flow. Total monthly income runs $2,597/mo, and annual cash flow reaches $2,924/yr on $105,318 cash to close. Return on cash invested measures 22.69% in year one, and rental yield registers 9.81% at a $317,700 basis. Equity gained on principal adds $2,050/yr, and annual property appreciation at 5% supports $87,775 by year five. Five-year ROI tracks 119.33% and total cumulative return in cash totals $125,677. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,597/mo property income relative to a $1,555/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1996
0.35 Acres lot
$N/A/sqft
$245 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marianne Raley • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1040892
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.