2001 S Banana River Blvd APT 319Cocoa 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
Investment property for sale in Cocoa Beach at 2001 S Banana River Blvd APT 319, Cocoa Beach, FL, 32931 offers a 8.79% rental yield on a $479,900 purchase with $3,517/mo rent. Total monthly income registers $3,517/mo, and a $2,349/mo payment leaves $332/mo available for distribution. Annual cash flow reaches $3,986/yr on $159,087 to close, and return on cash invested stands at 22.41% in year one. Equity gained on principal adds $3,097/yr while 5% annual appreciation supports $132,588 over five years. Portfolio math shows five-year ROI at 116.88% and total cumulative return in cash at $185,937. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,517/mo property income against a $2,349/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Mary Ann Thompson • RE/MAX Solutions
Mls Name: Space Coast AOR
Mls ID: #1062551