3947 Indian River DrCocoaFL32926
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 3947 Indian River Dr, Cocoa, FL, 32926 in Cocoa worth study. Rental yield 4.82%. The 4.82% gross yield is below cash-flow benchmarks at $628,000, but 5% annual appreciation, adding $173,505 over five years, frames this as a capital growth position. Rent of $2,520/mo partially offsets the $2,824/mo payment. Ziffy Mortgage finances appreciation-play properties (0.89 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $133,355.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 8.0% |
| Monthly Cash Flow | $(1,648) | $1,000 |
City averages based on Cocoa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,520 |
| Total Monthly Debt Service | $3,918 |
| DSCR Ratio | 0.64x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
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
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
Single Family
Built in 2005
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: Andrea L Simon • Coldwell Banker Realty
Mls Name: Space Coast AOR
Mls ID: #1045192
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.