111 Portside Ave UNIT 105Cape CanaveralFL32920
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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
Rental property for sale in Cape Canaveral at 111 Portside Ave UNIT 105, Cape Canaveral, FL, 32920 priced at $355,000 pairs $3,457/mo rent with $696/mo cash flow after a $1,738/mo payment. Total monthly income equals $3,457/mo, and annual cash flow comes to $8,349/yr on $117,683 invested. Return on cash invested is 27% in year one, and rental yield stands at 11.69% on a $355,000 basis. Equity gained on principal adds $2,291/yr, and 5% annual appreciation accumulates to $98,080 by year five. Five-year ROI measures 142.97% and total cumulative return in cash reaches $168,252. For financing, Ziffy Mortgage’s DSCR program evaluates $3,457/mo property income against a $1,738/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2006
4,356 sqft lot
$N/A/sqft
$405 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32920, Cape Canaveral, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,198 (100%) |
| Owner Occupied HU | 3,329 (40.6%) |
| Renter Occupied HU | 2,467 (30.1%) |
| Vacant Housing Units | 2,402 (29.3%) |
| Median Home Value | $488,323 |
| Average Home Value | $528,211 |
Housing Distribution
Address Breakdown
Residential
7,026
Single Family
4,642
Multi-Family
2,384
Businesses
572
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Listed by: Cherie L Gottshall • Iron Valley R.E.Space Coast
Mls Name: Space Coast AOR
Mls ID: #1020818
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.