85 S Atlantic Ave APT 306Cocoa 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 85 S Atlantic Ave APT 306, Cocoa Beach, FL, 32931 listed at $545,000 pairs $3,646/mo rent with a $2,668/mo payment to leave $29/mo cash flow. Total monthly income runs $3,646/mo, and annual cash flow reaches $345/yr on $179,305 cash to close. Return on cash invested measures 20.25% in year one, and rental yield registers 8.03% at a $545,000 basis. Equity gained on principal adds $3,517/yr, and annual property appreciation at 5% supports $150,573 by year five. Five-year ROI tracks 105.25% and total cumulative return in cash totals $188,712. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,646/mo property income relative to a $2,668/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
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: Ashley Parker • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1059253