402 King Neptune Ln #C-2Cape 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
Rental property for sale in Cape Canaveral at 402 King Neptune Ln #C-2, Cape Canaveral, FL, 32920 priced at $375,000 pairs $5,020/mo rent with $2,082/mo cash flow after a $1,835/mo payment. Total monthly income equals $5,020/mo, and annual cash flow comes to $24,982/yr on $124,313 invested. Return on cash invested is 40.01% in year one, and rental yield stands at 16.06% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 212.78% and total cumulative return in cash reaches $264,507. For financing, Ziffy Mortgage’s DSCR program evaluates $5,020/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2004
1.47 Acres lot
$N/A/sqft
$450 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: Ivan Rocco, PA • MARKET CONNECT REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6207762
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