405 Ocean Park Ln #V139Cape 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 405 Ocean Park Ln #V139, Cape Canaveral, FL, 32920 generates $2,826/mo in rent and, after a $1,517/mo payment, leaves $79/mo in cash flow. Total monthly income is $2,826/mo, and annual cash flow is $953/yr on $102,765 invested. Return on cash invested sits at 20.84% in year one, and rental yield is 10.94% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 111.34% and total cumulative return in cash sums $114,415. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,826/mo property income rather than buyer’s personal income.
Condo
Built in 2001
2,613 sqft lot
$N/A/sqft
$623 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: Carol A. McNamee • Florida East Coast Real Estate
Mls Name: Space Coast AOR
Mls ID: #1050291
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.