266 Polk AveCape 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 266 Polk Ave, Cape Canaveral, FL, 32920 at $895,000 posts ROI 24.16% with $1,007/mo cash flow from $6,947/mo rent. Total monthly income equals $6,947/mo, and annual cash flow records $12,087/yr on $294,455 to close. Return on cash invested measures 24.16% and rental yield reads 9.31% at the current $895,000. Equity gained on principal adds $5,775/yr, and 5% annual appreciation supports $247,272 by year five. Five-year ROI prints 126.23% and total cumulative return in cash totals $371,690.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,947/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
8,276 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: Jennifer McCoy • Compass Florida, LLC
Mls Name: Space Coast AOR
Mls ID: #1023082
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.