480 Sorrento DrCocoaFL32922
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 480 Sorrento Dr, Cocoa, FL, 32922 priced at $353,000 pairs $2,292/mo rent with after a $1,728/mo payment. Total monthly income equals $2,292/mo. Return on cash invested is 19.39% in year one, and rental yield stands at 7.79% on a $353,000 basis. Equity gained on principal adds $2,278/yr, and 5% annual appreciation accumulates to $97,527 by year five. Five-year ROI measures 100.66% and total cumulative return in cash reaches $117,788. For financing, Ziffy Mortgage’s DSCR program evaluates $2,292/mo property income against a $1,728/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
6,969 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices