680 Lake Erie 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
Rental property for sale in Cocoa at 680 Lake Erie Pl, Cocoa, FL, 32926 priced at $145,000 converts $1,096/mo rent into $133/mo cash flow after a $710/mo obligation. Total monthly income equals $1,096/mo, and annual cash flow totals $1,602/yr on $48,068 invested. Return on cash invested prints 23.24% in year one, and rental yield reads 9.07% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 121.35% and total cumulative return in cash sums $58,328. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,096/mo property income covering a $710/mo payment, not borrower’s personal income.
Manufactured
Built in 1984
6,098 sqft 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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