93 Delannoy Ave APT 405CocoaFL32922
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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 93 Delannoy Ave APT 405, Cocoa, FL, 32922 offers $4,543/mo rent that, after a $4,087/mo payment. Total monthly income is $4,543/mo. Return on cash invested measures 9.81% in year one, and rental yield stands at 6.53% at a $835,000 entry. Equity gained on principal adds $5,388/yr while 5% annual appreciation compounds into $230,695 by year five. Five-year ROI records 51.36% and total cumulative return in cash reaches $141,100. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,543/mo property income versus a $4,087/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2004
871.20 sqft lot
$N/A/sqft
$1,080 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: Toni Pastermack • Pastermack Real Estate
Mls Name: Space Coast AOR
Mls ID: #1050074
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.