7220 N Highway 1 APT 203CocoaFL32927
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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 7220 N Highway 1 APT 203, Cocoa, FL, 32927 earns from $1,828/mo rent with a $1,101/mo payment. Total monthly income totals $1,828/mo. ROI tracks 17.34% on current figures, and rental yield reads 9.75% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 92.59% and total cumulative return in cash sums $69,057. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,828/mo property income instead of your personal income.
Condo
Built in 1986
3,484 sqft lot
$N/A/sqft
$455 monthly 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: Melissa Berge • LaRocque & Co., Realtors
Mls Name: Space Coast AOR
Mls ID: #1044693
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.