7060 N Highway 1 #AA-201CocoaFL32927
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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 at 7060 N Highway 1 #AA-201, Cocoa, FL, 32927 offers a 10.67% rental yield on a $259,000 purchase with $2,303/mo rent. 78% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 95.76% and total cumulative return in cash at $82,216. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,303/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
5,227 sqft lot
$N/A/sqft
$1,923 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32927, Cocoa, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,463 (100%) |
| Owner Occupied HU | 9,320 (81.3%) |
| Renter Occupied HU | 1,619 (14.1%) |
| Vacant Housing Units | 524 ( 4.6%) |
| Median Home Value | $321,787 |
| Average Home Value | $384,264 |
Housing Distribution
Address Breakdown
Residential
11,146
Single Family
11,052
Multi-Family
94
Businesses
262
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Listed by: Steven Koleno • Beycome of Florida LLC
Mls Name: Space Coast AOR
Mls ID: #1051699
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.