344 McLeod 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 344 McLeod Dr, Cocoa, FL, 32922 offers $2,359/mo rent that, after a $866/mo payment, leaves $1,032/mo cash flow. Total monthly income is $2,359/mo, and annual cash flow is $12,379/yr on $58,662 cash. Return on cash invested measures 41.01% in year one, and rental yield stands at 16% at a $176,960 entry. Equity gained on principal adds $1,142/yr while 5% annual appreciation compounds into $48,891 by year five. Five-year ROI records 217.75% and total cumulative return in cash reaches $127,738. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,359/mo property income versus a $866/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.49 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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