200 S Banana River Blvd APT 2303Cocoa 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 200 S Banana River Blvd APT 2303, Cocoa Beach, FL, 32931 generates $2,500/mo in rent and, after a $1,392/mo payment, leaves $613/mo in cash flow. Total monthly income is $2,500/mo, and annual cash flow is $7,350/yr on $94,312 invested. Return on cash invested sits at 27.7% in year one, and rental yield is 10.54% on a $284,500 entry. Equity gained on principal adds $1,836/yr, while 5% annual appreciation builds toward $78,602 over five years. Five-year ROI reaches 145.25% and total cumulative return in cash sums $136,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,500/mo property income rather than buyer’s personal income.
Condo
Built in 1981
3,920 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: Brad Kuhns • RE/MAX Elite
Mls Name: Space Coast AOR
Mls ID: #1054540