Estimated payment $1,489/month
Highlights
- 70 Feet of Waterfront
- Canal View
- Shed
- Private Water Access
- No HOA
- Central Heating and Cooling System
About This Home
Investor Alert: High-Yield Waterfront Property with 7% Cap Rate
This fully renovated, income-producing property is a rare find! Tenant in place until December 31, 2025, paying market-high rent of $1,800 per month, ensuring immediate and stable cash flow. With low taxes, low insurance costs, and no homeowners association fees, this property is designed to maximize your returns. Offering a 7% cap rate, it's the perfect hassle-free investment.
Located in the quiet community of Cocoa Hills, just blocks from Florida's beautiful ocean, this 3-bedroom, 2-bathroom home sits on a large lot with 70 feet of serene waterfront, ideal for fishing or wildlife observation. The property features stainless steel appliances, natural gas on-site, and a newer AC package unit for year-round comfort. A roof inspection is available upon request for added peace of mind.
Best of all, the property has already been completely renovated, so no additional expenses for upgrades or repairs are needed.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,954
Year Built
- Built in 1956
Lot Details
- 9,148 Sq Ft Lot
- 70 Feet of Waterfront
- Home fronts a canal
- East Facing Home
- Chain Link Fence
Parking
- 1 Carport Space
Home Design
- Membrane Roofing
- Block Exterior
- Asphalt
- Stucco
Interior Spaces
- 1,012 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
- Canal Views
- Fire and Smoke Detector
Kitchen
- Electric Oven
- Electric Range
- Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry in Garage
- Dryer
- Washer
Outdoor Features
- Private Water Access
- Shed
Schools
- Cambridge Elementary School
- Cocoa Middle School
- Cocoa High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- The owner pays for roof maintenance, trash collection
- Seller Concessions Offered
Community Details
Overview
- No Home Owners Association
- Cocoa Hills Subd Subdivision
Building Details
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,820 | $138,550 | -- | -- |
| 2023 | $1,820 | $114,120 | $0 | $0 |
| 2022 | $1,554 | $99,720 | $0 | $0 |
| 2021 | $1,338 | $65,430 | $25,000 | $40,430 |
| 2020 | $1,189 | $52,350 | $20,000 | $32,350 |
| 2019 | $1,118 | $47,770 | $15,000 | $32,770 |
| 2018 | $984 | $43,020 | $10,000 | $33,020 |
| 2017 | $904 | $34,680 | $8,000 | $26,680 |
| 2016 | $915 | $36,020 | $10,000 | $26,020 |
| 2015 | $851 | $30,770 | $10,000 | $20,770 |
| 2014 | $782 | $29,500 | $10,000 | $19,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Price Changed | $249,000 | 0.0% | $246 / Sq Ft |
| 12/02/2024 12/02/24 | For Sale | $249,000 | 0.0% | $246 / Sq Ft |
| 12/02/2024 12/02/24 | Under Contract | -- | -- | -- |
| 11/18/2024 11/18/24 | Price Changed | $229,500 | 0.0% | $227 / Sq Ft |
| 10/19/2024 10/19/24 | Price Changed | $1,800 | -5.3% | $2 / Sq Ft |
| 10/16/2024 10/16/24 | Price Changed | $1,900 | -2.6% | $2 / Sq Ft |
| 10/14/2024 10/14/24 | Price Changed | $1,950 | 0.0% | $2 / Sq Ft |
| 10/12/2024 10/12/24 | For Sale | $229,900 | 0.0% | $227 / Sq Ft |
| 10/10/2024 10/10/24 | For Rent | $2,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $100 | None Listed On Document | |
| Special Warranty Deed | $100 | None Listed On Document | |
| Warranty Deed | $110,000 | 1 Source Title And Escrow Llc | |
| Warranty Deed | $65,500 | Island Title & Escrow Corp | |
| Warranty Deed | $43,800 | -- | |
| Warranty Deed | $41,900 | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $172,900 | New Conventional | |
| Previous Owner | $156,100 | New Conventional | |
| Previous Owner | $52,400 | No Value Available | |
| Previous Owner | $35,000 | No Value Available | |
| Previous Owner | $42,738 | No Value Available |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1030959
APN: 24-36-20-BV-00000.0-0224.00
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