540 S Brevard Ave APT 442Cocoa 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 540 S Brevard Ave APT 442, Cocoa Beach, FL, 32931 listed at $420,000 pairs $3,944/mo rent with a $2,056/mo payment to leave $277/mo cash flow. Total monthly income runs $3,944/mo, and annual cash flow reaches $3,318/yr on $139,230 cash to close. Return on cash invested measures 22.29% in year one, and rental yield registers 11.27% at a $420,000 basis. Equity gained on principal adds $2,710/yr, and annual property appreciation at 5% supports $116,038 by year five. Five-year ROI tracks 118.97% and total cumulative return in cash totals $165,643. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,944/mo property income relative to a $2,056/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1989
1.40 Acres lot
$N/A/sqft
$880 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
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Listed by: Alexandra J. Hodkin • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1034168
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.