3606 N Indian River DrCocoaFL32926
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 3606 N Indian River Dr, Cocoa, FL, 32926 generates $4,204/mo in rent, after a $7,219/mo payment. Total monthly income is $4,204/mo. Return on cash invested sits at 6.35% in year one, and rental yield is 3.42% on a $1,475,000 entry. Equity gained on principal adds $9,518/yr, while 5% annual appreciation builds toward $407,515 over five years. Five-year ROI reaches 30.63% and total cumulative return in cash sums $146,386. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,204/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.63 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diana L Roca • Coldwell Banker Realty
Mls Name: Space Coast AOR
Mls ID: #1022529
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.