1305 S Atlantic Ave APT 450Cocoa BeachFL32931
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
Investment property for sale in Cocoa Beach at 1305 S Atlantic Ave APT 450, Cocoa Beach, FL, 32931 listed at $520,000 pairs $2,872/mo rent with a $2,545/mo payment. Total monthly income runs $2,872/mo. Return on cash invested measures 16% in year one, and rental yield registers 6.63% at a $520,000 basis. Equity gained on principal adds $3,355/yr, and annual property appreciation at 5% supports $143,666 by year five. Five-year ROI tracks 82.47% and total cumulative return in cash totals $141,083. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,872/mo property income relative to a $2,545/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martin Castellon • Landshark Realty
Mls Name: Space Coast AOR
Mls ID: #1061453