383 N Atlantic Ave APT 101Cocoa 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 383 N Atlantic Ave APT 101, Cocoa Beach, FL, 32931 uses $107,738 cash to close to unlock $6,372/yr annual cash flow and $531/mo monthly cash flow. Total monthly income runs $2,688/mo, and a $1,591/mo payment keeps the spread at $531/mo. Purchase price stands at $325,000, and rental yield measures 9.92% with $2,688/mo rent. Return on cash invested shows 25.82% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 135.13% and total cumulative return in cash records $145,585. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,688/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Condo
Built in 1974
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: Carol A. McNamee • Florida East Coast Real Estate
Mls Name: Space Coast AOR
Mls ID: #1056667