261 Cape Shores Cir #18-ICape 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
Total monthly income runs $1,678/mo, and a $954/mo payment. Purchase price stands at $195,000, and rental yield measures 10.33% with $1,678/mo rent. Return on cash invested shows 17.66% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 94.88% and total cumulative return in cash records $61,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,678/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1974
2,613 sqft lot
$N/A/sqft
$477 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: Vincent Keenan • Vincent Keenan, REALTORS
Mls Name: Space Coast AOR
Mls ID: #1050777
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