3109 N Indian River DrCocoaFL32922
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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
Rental property for sale in Cocoa at 3109 N Indian River Dr, Cocoa, FL, 32922 generates $2,971/mo in rent, after a $4,743/mo payment. Total monthly income is $2,971/mo. Return on cash invested sits at 5.96% in year one, and rental yield is 3.68% on a $969,000 entry. Equity gained on principal adds $6,253/yr, while 5% annual appreciation builds toward $267,717 over five years. Five-year ROI reaches 28.98% and total cumulative return in cash sums $92,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,971/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
1.12 Acres lot
$N/A/sqft
No 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
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Listed by: Jon Scott Santy • Atlantic Group Real Estate
Mls Name: Space Coast AOR
Mls ID: #1053863
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.