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$275,000

For Sale - Active
13 Scott Ln, Rockledge, FL 32955
3 Beds
2 Baths
1,140 Square Feet
0.18 Acres Lot
Built in 1964
For Sale - Active
1 Units
Checked: 18 hours ago
Updated: Jun 10, 2025 at 09:50PM

Investment Summary


Monthly Cash Flow
-$169
Cap Rate
5.6%
Cash-on-Cash Return
-3.2%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
0.9%

Property Description


0.18 Acres Lot
Built in 1964
For Sale - Active
1 Units

Peaceful neighborhood tucked away only blocks from the Indian River. Open floor plan bathed in natural light. Wood look tile and Luxury vinyl plank floors throughout for allergy free beautiful look. 3 full bed, 2 full bath. Primary bedroom with private bath completely remodeled. Walk-in shower, luxury spa lighting in the floor, and plumbed for rain shower head. Guest bedrooms and second bath also remodeled. Generous living room with French doors to private back yard shaded by mature oak. Small shed for extra storage. Spacious eat-in kitchen. Easy to update the real wood cabinets with fresh paint and new hardware. Private attached 1 car garage. AC only 5 years old. Cast iron pipes replaced and attached to sewer system (no septic). Copper wiring. Not in a flood zone. Easy access to local amenities shops and restaurants. Take advantage of walking on riding your bike on near-by tree-lined Rockledge Drive along the river. Around 2 miles to Historic Cocoa Village.

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Location


Property Details


Parking

  • Description: Attached, Garage, Garage Door Opener
  • Details: Driveway, Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 253610020000C.00011.00
  • Lot Size: 7841 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1964

Tax Information

  • Annual Tax: $1,287

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Brevard

Listing Details


Listed by:
Toni Pastermack
PASTERMACK REAL ESTATE
(321) 537-9800

Source:
Stellar MLS
MLS#: O6316576
Stellar MLS

Investment Summary


Monthly Cash Flow
-$169
Cap Rate
5.6%
Cash-on-Cash Return
-3.2%
Debt Coverage Ratio
0.88
Internal Rate of Return (5 years)
0.9%

Purchase Details

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Purchase price:
$275,000
Amount financed:
-$220,000
Down payment:
$55,000
Closing costs:
$8,250
Rehab costs:
$0
Initial cash invested:
$63,250
Square feet:
1,140
Cost per square foot:
$241
Monthly rent per square foot:
$1.75

Financing Details

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Loan amount:
$220,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.850%
Principal & interest:
$1,442
Property tax:
$107
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,689

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$107-$1,287
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$607-$7,287

Cash Flow


Monthly Yearly
Net operating income:
$1,273 $15,276
Mortgage payments:
-$1,442 -$17,304
Cash flow:
$169 $2,028