640 S Brevard Ave APT 1234Cocoa 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 640 S Brevard Ave APT 1234, Cocoa Beach, FL, 32931 listed at $325,000 pairs $2,253/mo rent with a $1,591/mo payment to leave $96/mo cash flow. Total monthly income runs $2,253/mo, and annual cash flow reaches $1,152/yr on $107,738 cash to close. Return on cash invested measures 20.98% in year one, and rental yield registers 8.32% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 109.14% and total cumulative return in cash totals $117,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,253/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
1,306 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: Cole Bennett • Keller Williams Realty Brevard
Mls Name: Space Coast AOR
Mls ID: #1058638