223 Columbia Dr APT 217Cape 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 223 Columbia Dr APT 217, Cape Canaveral, FL, 32920 uses $38,123 cash to close to unlock $4,380/yr annual cash flow and $365/mo monthly cash flow. Total monthly income runs $1,591/mo, and a $563/mo payment keeps the spread at $365/mo. Purchase price stands at $115,000, and rental yield measures 16.6% with $1,591/mo rent. Return on cash invested shows 31.4% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 170.48% and total cumulative return in cash records $64,989. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,591/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in 1966
871.20 sqft lot
$N/A/sqft
$446 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: Teresa DeMark • All Real Estate, Inc.
Mls Name: Space Coast AOR
Mls ID: #1029487
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.