6390 Lookout 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 6390 Lookout Dr, Cocoa, FL, 32927 uses $76,245 cash to close to unlock $5,105/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,952/mo, and a $1,126/mo payment keeps the spread at $425/mo. Purchase price stands at $230,000, and rental yield measures 10.18% with $1,952/mo rent. Return on cash invested shows 26.6% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 139.36% and total cumulative return in cash records $106,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,952/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1980
10,018 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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Listed by: Tamm Brown • Atlantic Group Real Estate
Mls Name: Space Coast AOR
Mls ID: #1049297
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.