4026 Meander Pl UNIT 203RockledgeFL32955
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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 4026 Meander Pl UNIT 203, Rockledge, FL, 32955 listed at $208,000 pairs $1,883/mo rent with a $1,018/mo payment to leave $503/mo cash flow. Total monthly income runs $1,883/mo, and annual cash flow reaches $6,033/yr on $68,952 cash to close. Return on cash invested measures 28.66% in year one, and rental yield registers 10.86% at a $208,000 basis. Equity gained on principal adds $1,342/yr, and annual property appreciation at 5% supports $57,467 by year five. Five-year ROI tracks 150.36% and total cumulative return in cash totals $103,680. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,883/mo property income relative to a $1,018/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2010
18.55 Acres 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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