4700 Ocean Beach Blvd APT 315Cocoa BeachFL32931
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 4700 Ocean Beach Blvd APT 315, Cocoa Beach, FL, 32931 uses $94,478 cash to close to unlock $435/yr annual cash flow and $36/mo monthly cash flow. Total monthly income runs $2,482/mo, and a $1,395/mo payment keeps the spread at $36/mo. Purchase price stands at $285,000, and rental yield measures 10.45% with $2,482/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 108.49% and total cumulative return in cash records $102,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,482/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 1973
871.20 sqft lot
$N/A/sqft
$491 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jackie Griffin • Florida Lifestyle Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1022583
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.