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6856 Columbine Dr, Cocoa Investment Report: Flip & Rental Analysis · Frontflip
17
3 Comps Confirm $225K Median Flip Value
Updated 10 days ago • 1 new comp
Your Investment Paths
Turnkey Rental
This property shows strong rental potential, with estimated monthly income ranging from $1,649 to $1,670. These figures, supported by recent market activity in Cocoa, suggest a solid opportunity for consistent cash flow for investors. With an impressive projected yield of approximately 14.75%, this asset stands out as a compelling choice. Given the steady demand for similar units, this investment offers a promising path toward long-term rental income growth.
More about this home
Neighborhood Assessment
Williams Point Estates in Cocoa offers modest entry-level opportunity with significant climate challenges. The neighborhood features manufactured homes on spacious lots with affordable pricing ($128K–$162K range for comparable 2–3 bed units). However, extreme wind risk (10/10), major fire risk (5/10), and extreme heat exposure create ongoing insurance and livability concerns. Location between Titusville and Cocoa Beach provides beach access and US-1 convenience, but limited walkability and nearby amenities.
Market Activity
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Rental Income
$20K
Yield
14.8%
Year 1 Estimates
Fix-and-Flip
Updated homes clearly command a premium, fetching roughly 300 dollars per square foot compared to the baseline 216. This shift represents a significant 39 percent increase in value, highlighting how modern touches elevate property appeal. Modernizing your space effectively unlocks approximately 65,000 dollars in added value while shortening time on the market. With rent potential remaining steady, these improvements offer an excellent way to boost your home’s charm and long-term desirability.
Value Add
$65K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $208,000 and $230,000. Investors can leverage a significant value uplift by executing a strategic renovation, effectively positioning the asset against recent high-quality comparable sales. Monthly rental income is projected at $1,641, providing a healthy 9% yield. This performance, supported by consistent rental demand, makes it a viable candidate for investors seeking a balanced combination of appreciation and steady cash flow.
Rental Income
$20K
Yield
9.0%
Year 1 Estimates, Post Typical Renovation
Estimated value
$135K
-96% · 7 yrs