201 International Dr APT 223Cape 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 201 International Dr APT 223, Cape Canaveral, FL, 32920 generates $3,109/mo in rent and, after a $1,158/mo payment, leaves $894/mo in cash flow. Total monthly income is $3,109/mo, and annual cash flow is $10,728/yr on $78,400 invested. Return on cash invested sits at 33.59% in year one, and rental yield is 15.78% on a $236,500 entry. Equity gained on principal adds $1,526/yr, while 5% annual appreciation builds toward $65,341 over five years. Five-year ROI reaches 180.45% and total cumulative return in cash sums $141,475. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,109/mo property income rather than buyer’s personal income.
Condo
Built in 1983
2,613 sqft lot
$N/A/sqft
$635 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: Rick Houston • RE/MAX Aerospace Realty
Mls Name: Space Coast AOR
Mls ID: #1020957
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.