123 Roosevelt Ave APT DCocoa BeachFL32931
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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 Beach at 123 Roosevelt Ave APT D, Cocoa Beach, FL, 32931 priced at $170,000 converts $1,607/mo rent into $479/mo cash flow after a $832/mo obligation. Total monthly income equals $1,607/mo, and annual cash flow totals $5,747/yr on $56,355 invested. Return on cash invested prints 30.11% in year one, and rental yield reads 11.34% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 158.1% and total cumulative return in cash sums $89,097. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,607/mo property income covering a $832/mo payment, not borrower’s personal income.
Condo
Built in 1963
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32931, Cocoa Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,899 (100%) |
| Owner Occupied HU | 5,582 (51.2%) |
| Renter Occupied HU | 1,807 (16.6%) |
| Vacant Housing Units | 3,510 (32.2%) |
| Median Home Value | $579,461 |
| Average Home Value | $632,244 |
Housing Distribution
Address Breakdown
Residential
8,985
Single Family
4,726
Multi-Family
4,259
Businesses
667
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Listed by: Joni Mosatalla Gawne • Coldwell Banker Realty
Mls Name: Space Coast AOR
Mls ID: #1065798