585 Canaveral Groves BlvdCocoaFL32926
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
Investment property for sale in Cocoa at 585 Canaveral Groves Blvd, Cocoa, FL, 32926 uses $62,985 cash to close to unlock $4,033/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $1,597/mo, and a $930/mo payment keeps the spread at $336/mo. Purchase price stands at $190,000, and rental yield measures 10.09% with $1,597/mo rent. Return on cash invested shows 26.31% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 137.86% and total cumulative return in cash records $86,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,597/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in 1979
0.43 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: Shannon M Kammer • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1042676
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.