3620 Ocean Beach Blvd APT 16Cocoa 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 3620 Ocean Beach Blvd APT 16, Cocoa Beach, FL, 32931 earns $410/mo cash flow from $2,129/mo rent with a $1,268/mo payment. Total monthly income totals $2,129/mo, and annual cash flow totals $4,919/yr on $85,859 capital. ROI tracks 25.64% on current figures, and rental yield reads 9.86% at a $259,000 purchase. Equity gained on principal adds $1,671/yr, and 5% annual appreciation supports $71,557 over five years. Five-year ROI reaches 134.15% and total cumulative return in cash sums $115,180. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,129/mo property income instead of your personal income.
Condo
Built in 1961
871.20 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: Lori Jarek • Portfolio Homes
Mls Name: Space Coast AOR
Mls ID: #1058084