508 Watermark DrCocoaFL32927
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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 Cocoa at 508 Watermark Dr, Cocoa, FL, 32927 with 5% annual appreciation on a $401,990 basis while $3,295/mo rent supports operations. Total monthly income totals $3,295/mo and a $1,968/mo payment preserves $627/mo for cash returns. Annual cash flow comes to $7,522/yr on $133,260 deployed, and return on cash invested reaches 25.55% in year one. Equity gained on principal adds $2,594/yr, and five-year appreciation sums $111,062 alongside rental yield of 9.84%. Five-year ROI measures 133.69% and total cumulative return in cash totals $178,157.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,295/mo property income versus a $1,968/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32927, Cocoa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,463 (100%) |
| Owner Occupied HU | 9,320 (81.3%) |
| Renter Occupied HU | 1,619 (14.1%) |
| Vacant Housing Units | 524 ( 4.6%) |
| Median Home Value | $321,787 |
| Average Home Value | $384,264 |
Housing Distribution
Address Breakdown
Residential
11,146
Single Family
11,052
Multi-Family
94
Businesses
262
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