6435 Banks AveCocoaFL32927
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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
Rental property for sale in Cocoa at 6435 Banks Ave, Cocoa, FL, 32927 priced at $400,000 converts $3,905/mo rent into $1,204/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,905/mo, and annual cash flow totals $14,452/yr on $132,600 invested. Return on cash invested prints 30.81% in year one, and rental yield reads 11.71% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 162.05% and total cumulative return in cash sums $214,876. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,905/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1983
10,454 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: Emily Green • Boardwalk Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1040961
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.