545 Garfield Ave APT 103Cocoa 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
Rental property for sale in Cocoa Beach at 545 Garfield Ave APT 103, Cocoa Beach, FL, 32931 generates $5,338/mo in rent and, after a $2,202/mo payment, leaves $1,627/mo in cash flow. Total monthly income is $5,338/mo, and annual cash flow is $19,522/yr on $149,142 invested. Return on cash invested sits at 33% in year one, and rental yield is 14.24% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 175.72% and total cumulative return in cash sums $262,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,338/mo property income rather than buyer’s personal income.
Condo
Built in 1980
1.62 Acres lot
$N/A/sqft
$675 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: Diana Pittner Scarincio • RIVER BREEZE REAL ESTATE INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6196165
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511