280 S Atlantic Ave APT ACocoa 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 280 S Atlantic Ave APT A, Cocoa Beach, FL, 32931 priced at $599,000 pairs $3,120/mo rent with after a $2,932/mo payment. Total monthly income equals $3,120/mo. Return on cash invested is 14.85% in year one, and rental yield stands at 6.25% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 76.28% and total cumulative return in cash reaches $150,322. For financing, Ziffy Mortgage’s DSCR program evaluates $3,120/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1988
4,356 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: Justin Luke • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1060755