650 N ATLANTIC Avenue UNIT 409Cocoa 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 650 N ATLANTIC Avenue UNIT 409, Cocoa Beach, FL, 32931 earns from $3,901/mo rent with a $2,545/mo payment. Total monthly income totals $3,901/mo. ROI tracks 17.03% on current figures, and rental yield reads 9% at a $519,990 purchase. Equity gained on principal adds $3,355/yr, and 5% annual appreciation supports $143,664 over five years. Five-year ROI reaches 90.23% and total cumulative return in cash sums $154,364. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,901/mo property income instead of your personal income.
Condo
Built in 1978
2,613 sqft lot
$N/A/sqft
$738 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: NANCY PRUITT • OLYMPUS EXECUTIVE REALTY, INC
Mls Name: realMLS
Mls Provider:
Mls ID: #2058928
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. Data is deemed reliable but is not guaranteed accurate by realMLS.