615 E Lakeshore DrCocoaFL32926
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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 615 E Lakeshore Dr, Cocoa, FL, 32926 offers a 9.63% rental yield on a $147,000 purchase with $1,180/mo rent. Total monthly income registers $1,180/mo, and a $719/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,460/yr on $48,731 to close, and return on cash invested stands at 24.96% in year one. Equity gained on principal adds $949/yr while 5% annual appreciation supports $40,613 over five years. Portfolio math shows five-year ROI at 130.46% and total cumulative return in cash at $63,576. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,180/mo property income against a $719/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2014
N/A 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
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