277 S Brevard Ave APT 2-4Cocoa 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 277 S Brevard Ave APT 2-4, Cocoa Beach, FL, 32931 earns $990/mo cash flow from $2,152/mo rent with a $857/mo payment. Total monthly income totals $2,152/mo, and annual cash flow totals $11,883/yr on $58,013 capital. ROI tracks 40.39% on current figures, and rental yield reads 14.76% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 213.32% and total cumulative return in cash sums $123,751. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,152/mo property income instead of your personal income.
Condo
Built in 1966
1,742 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: Barbara Schluraff • Century 21 Ocean
Mls Name: Space Coast AOR
Mls ID: #1061502