300 Columbia Dr APT 3406Cape 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 300 Columbia Dr APT 3406, Cape Canaveral, FL, 32920 earns $93/mo cash flow from $3,468/mo rent with a $2,009/mo payment. Total monthly income totals $3,468/mo, and annual cash flow totals $1,116/yr on $136,081 capital. ROI tracks 20.73% on current figures, and rental yield reads 10.14% at a $410,500 purchase. Equity gained on principal adds $2,649/yr, and 5% annual appreciation supports $113,414 over five years. Five-year ROI reaches 109.94% and total cumulative return in cash sums $149,604. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,468/mo property income instead of your personal income.
Condo
Built in 1992
2,178 sqft lot
$N/A/sqft
$650 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: Rebecca Sparks • C. APOLLO REALTY INC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6216253
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511