3799 S Banana River Blvd APT 111Cocoa 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 3799 S Banana River Blvd APT 111, Cocoa Beach, FL, 32931 uses $78,798 cash to close to unlock $876/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $1,650/mo, and a $1,163/mo payment keeps the spread at $73/mo. Purchase price stands at $237,700, and rental yield measures 8.33% with $1,650/mo rent. Return on cash invested shows 21.02% in year one, and 5% annual appreciation builds toward $65,672 over five years. Five-year ROI reaches 109.45% and total cumulative return in cash records $86,244. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,650/mo property income covering a $1,163/mo payment rather than investor’s personal income.
Condo
Built in 1979
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: Tim Sparks • C. Apollo Realty Inc
Mls Name: Space Coast AOR
Mls ID: #1067459