844 Florida Ave UNIT 7CocoaFL32922
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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 844 Florida Ave UNIT 7, Cocoa, FL, 32922 priced at $554,950 converts $1,691/mo rent into after a $2,716/mo obligation. Total monthly income equals $1,691/mo. Return on cash invested prints 5.98% in year one, and rental yield reads 3.66% against a $554,950 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation compiles into $153,322 by year five. Five-year ROI reaches 29.09% and total cumulative return in cash sums $53,116. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,691/mo property income covering a $2,716/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
1,306 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32922, Cocoa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,950 (100%) |
| Owner Occupied HU | 3,173 (39.9%) |
| Renter Occupied HU | 3,888 (48.9%) |
| Vacant Housing Units | 889 (11.2%) |
| Median Home Value | $240,181 |
| Average Home Value | $315,702 |
Housing Distribution
Address Breakdown
Residential
7,100
Single Family
5,279
Multi-Family
1,821
Businesses
874
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Listed by: Samantha Romero • GK Realty Group
Mls Name: Space Coast AOR
Mls ID: #1019260
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.