201 International Dr APT 722Cape 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
Investment property for sale in Cape Canaveral at 201 International Dr APT 722, Cape Canaveral, FL, 32920 uses $98,456 cash to close to unlock $4,281/yr annual cash flow and $357/mo monthly cash flow. Total monthly income runs $2,328/mo, and a $1,454/mo payment keeps the spread at $357/mo. Purchase price stands at $297,000, and rental yield measures 9.41% with $2,328/mo rent. Return on cash invested shows 24.26% in year one, and 5% annual appreciation builds toward $82,056 over five years. Five-year ROI reaches 126.74% and total cumulative return in cash records $124,782. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,328/mo property income covering a $1,454/mo payment rather than investor’s personal income.
Condo
Built in 1989
3,049 sqft lot
$N/A/sqft
No 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: Andy Mindel • RE/MAX Alternative Realty
Mls Name: Space Coast AOR
Mls ID: #1046663