590 Sorrento DrCocoaFL32922
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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 590 Sorrento Dr, Cocoa, FL, 32922 listed at $372,000 pairs $2,777/mo rent with a $1,821/mo payment to leave $308/mo cash flow. Total monthly income runs $2,777/mo, and annual cash flow reaches $3,697/yr on $123,318 cash to close. Return on cash invested measures 22.91% in year one, and rental yield registers 8.96% at a $372,000 basis. Equity gained on principal adds $2,400/yr, and annual property appreciation at 5% supports $102,777 by year five. Five-year ROI tracks 119.54% and total cumulative return in cash totals $147,417. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,777/mo property income relative to a $1,821/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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