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$240,000

For Sale - Active
809 Kensington Dr, Cocoa, FL 32922
4 Beds
3 Baths
1,490 Square Feet
0.17 Acres Lot
Built in 1957
For Sale - Active
1 Units
Checked: 9 hours ago
Updated: May 23, 2025 at 03:20AM

Investment Summary


Monthly Cash Flow
-$123
Cap Rate
5.5%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.4%

Property Description


0.17 Acres Lot
Built in 1957
For Sale - Active
1 Units

Charming & Updated 4-Bedroom Home in a Prime Location – No HOA! Welcome home to this beautifully maintained 4-bedroom, 2.5-bathroom home, perfectly situated in a central location with easy access to shopping, dining and major highways. Offering 1,490 square feet of well-designed living space, this home features a thoughtful split floor plan that provides privacy and comfort for the whole family! Step inside and be welcomed by an inviting living area with plenty of natural light and modern finishes. The kitchen may be cozy, but it’s designed for maximum efficiency! With stainless steel appliances, ample cabinet space and a smart layout, everything is within easy reach—making cooking and cleanup a breeze. Its streamlined design means less clutter and more functionality, perfect for those who love a well-organized space. The spacious primary suite is a private retreat, featuring an en-suite bathroom and ample closet space! Three additional bedrooms provide flexibility for a home office, guest rooms or play areas. A large laundry room adds convenience and extra storage options. Outdoor lovers will appreciate the beautiful wood deck, perfect for entertaining, morning coffee or evening relaxation! The fully fenced backyard offers privacy and space for pets, kids or gardening. Need parking? The large driveway provides plenty of room for multiple vehicles! Enjoy peace of mind knowing that major updates have already been taken care of—the roof and AC were both replaced in 2023! Plus, with NO HOA, you have the freedom to truly make this home your own. Do not miss out on this rare find—schedule your showing today!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Other
  • 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: 243620BV00000.00067.00
  • Lot Size: 7405 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1957

Tax Information

  • Annual Tax: $1,635

Utilities

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

Location

  • County: Brevard

Listing Details


Listed by:
Ashley Fulford
MARK SPAIN REAL ESTATE
(407) 580-9342

Source:
Stellar MLS
MLS#: O6276124
Stellar MLS

Investment Summary


Monthly Cash Flow
-$123
Cap Rate
5.5%
Cash-on-Cash Return
-2.7%
Debt Coverage Ratio
0.90
Internal Rate of Return (5 years)
1.4%

Purchase Details

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Purchase price:
$240,000
Amount financed:
-$192,000
Down payment:
$48,000
Closing costs:
$7,200
Rehab costs:
$0
Initial cash invested:
$55,200
Square feet:
1,490
Cost per square foot:
$161
Monthly rent per square foot:
$1.21

Financing Details

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Loan amount:
$192,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,229
Property tax:
$136
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,491

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$136-$1,635
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (33%)
33%-$586-$7,035

Cash Flow


Monthly Yearly
Net operating income:
$1,106 $13,272
Mortgage payments:
-$1,229 -$14,748
Cash flow:
$123 $1,476