311 Iris StCocoaFL32927
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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 311 Iris St, Cocoa, FL, 32927 priced at $257,500 pairs $1,738/mo rent with after a $1,260/mo payment. Total monthly income equals $1,738/mo. Return on cash invested is 19.69% in year one, and rental yield stands at 8.1% on a $257,500 basis. Equity gained on principal adds $1,662/yr, and 5% annual appreciation accumulates to $71,143 by year five. Five-year ROI measures 102.51% and total cumulative return in cash reaches $87,505. For financing, Ziffy Mortgage’s DSCR program evaluates $1,738/mo property income against a $1,260/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32927, Cocoa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,463 (100%) |
| Owner Occupied HU | 9,320 (81.3%) |
| Renter Occupied HU | 1,619 (14.1%) |
| Vacant Housing Units | 524 ( 4.6%) |
| Median Home Value | $321,787 |
| Average Home Value | $384,264 |
Housing Distribution
Address Breakdown
Residential
11,146
Single Family
11,052
Multi-Family
94
Businesses
262
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Listed by: Madeline Reyes • GLIMPSE REAL ESTATE INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #S5114563
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