657 Lake Placid PlCocoaFL32926
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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 657 Lake Placid Pl, Cocoa, FL, 32926 uses $36,134 cash to close to unlock $1,202/yr annual cash flow and $100/mo monthly cash flow. Total monthly income runs $824/mo, and a $534/mo payment keeps the spread at $100/mo. Purchase price stands at $109,000, and rental yield measures 9.07% with $824/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 121.44% and total cumulative return in cash records $43,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $824/mo property income covering a $534/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
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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