659 S Atlantic AveCocoa BeachFL32931
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 659 S Atlantic Ave, Cocoa Beach, FL, 32931 in Cocoa Beach fits: $1,975,000, 2.36% gross yield, and a projected 5% annual appreciation rate adding $545,656 in value within five years. Rental yield 2.36%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.44) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $18,190/yr in principal paydown and $545,656 in appreciation project a total return of $127,702.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.4% | 6.0% |
| Monthly Cash Flow | $(9,748) | $300 |
City averages based on Cocoa Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,882 |
| Total Monthly Debt Service | $12,844 |
| DSCR Ratio | 0.30x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
0.29 Acres 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
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
Single Family
Built in 1963
0.29 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kellie Bowling PA • Compass Florida LLC
Mls Name: Space Coast AOR
Mls ID: #1065712
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.