714 Catalina Rd APT 2Cocoa BeachFL32931
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
Investment Highlights
Investment property for sale in Cocoa Beach at 714 Catalina Rd APT 2, Cocoa Beach, FL, 32931 uses $62,952 cash to close to unlock $2,751/yr annual cash flow and $229/mo monthly cash flow. Total monthly income runs $1,489/mo, and a $929/mo payment keeps the spread at $229/mo. Purchase price stands at $189,900, and rental yield measures 9.41% with $1,489/mo rent. Return on cash invested shows 24.28% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 126.92% and total cumulative return in cash records $79,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,489/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1963
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elliott C. Grozan • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1049421