4016 Meander Pl UNIT 207RockledgeFL32955
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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
Investment property for sale in Rockledge at 4016 Meander Pl UNIT 207, Rockledge, FL, 32955 listed at $224,500 pairs $1,530/mo rent with a $1,099/mo payment to leave $40/mo cash flow. Total monthly income runs $1,530/mo, and annual cash flow reaches $480/yr on $74,422 cash to close. Return on cash invested measures 20.55% in year one, and rental yield registers 8.18% at a $224,500 basis. Equity gained on principal adds $1,449/yr, and annual property appreciation at 5% supports $62,025 by year five. Five-year ROI tracks 106.88% and total cumulative return in cash totals $79,544. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,530/mo property income relative to a $1,099/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2009
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32955, Rockledge, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,998 (100%) |
| Owner Occupied HU | 13,480 (71.0%) |
| Renter Occupied HU | 4,319 (22.7%) |
| Vacant Housing Units | 1,199 ( 6.3%) |
| Median Home Value | $390,473 |
| Average Home Value | $457,707 |
Housing Distribution
Address Breakdown
Residential
17,897
Single Family
15,167
Multi-Family
2,730
Businesses
1,156
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