916 Ocaso Ln UNIT 202RockledgeFL32955
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rockledge at 916 Ocaso Ln UNIT 202, Rockledge, FL, 32955 generates $3,774/mo in rent and, after a $1,444/mo payment, leaves $1,416/mo in cash flow. Total monthly income is $3,774/mo, and annual cash flow is $16,995/yr on $97,793 invested. Return on cash invested sits at 37.29% in year one, and rental yield is 15.35% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 198.43% and total cumulative return in cash sums $194,054. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,774/mo property income rather than buyer’s personal income.
Condo
Built in 2006
2,614 sqft lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32955, Rockledge, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,998 (100%) |
| Owner Occupied HU | 13,480 (71.0%) |
| Renter Occupied HU | 4,319 (22.7%) |
| Vacant Housing Units | 1,199 ( 6.3%) |
| Median Home Value | $390,473 |
| Average Home Value | $457,707 |
Housing Distribution
Address Breakdown
Residential
17,897
Single Family
15,167
Multi-Family
2,730
Businesses
1,156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cece Wong • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6208920
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511