223 Columbia Dr APT 114Cape CanaveralFL32920
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 223 Columbia Dr APT 114, Cape Canaveral, FL, 32920 in Cape Canaveral at $139,900 earns $1,057/mo in rent and nets $129/mo after the $629/mo payment, a 9.07% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $38,652 over five years. Ziffy Mortgage underwrites this on a 1.68 DSCR without U.S. credit history. With $1,288/yr in principal paydown, total projected return reaches $61,636.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $129 | $300 |
City averages based on Cape Canaveral market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,057 |
| Total Monthly Debt Service | $873 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1966
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1966
871.20 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul Frommann II • Coldwell Banker Paradise
Mls Name: Space Coast AOR
Mls ID: #1061200