246 Tin Roof Ave #304Cape 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 246 Tin Roof Ave #304, Cape Canaveral, FL, 32920 earns $924/mo cash flow from $4,123/mo rent with a $2,031/mo payment. Total monthly income totals $4,123/mo, and annual cash flow totals $11,083/yr on $137,572 capital. ROI tracks 27.96% on current figures, and rental yield reads 11.92% at a $414,999 purchase. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 over five years. Five-year ROI reaches 148.04% and total cumulative return in cash sums $203,661. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,123/mo property income instead of your personal income.
Townhouse
Built in 2006
4,356 sqft lot
$N/A/sqft
$400 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: Claudia Morett • Florida Oasis Realty
Mls Name: Space Coast AOR
Mls ID: #1040495
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.