422 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
Rental property for sale in Cape Canaveral at 422 Polk Ave, Cape Canaveral, FL, 32920 priced at $825,000 converts $2,872/mo rent into after a $4,038/mo obligation. Total monthly income equals $2,872/mo. Return on cash invested prints 8.55% in year one, and rental yield reads 4.18% against a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation compiles into $227,932 by year five. Five-year ROI reaches 42.52% and total cumulative return in cash sums $115,401. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,872/mo property income covering a $4,038/mo payment, not borrower’s personal income.
Multi Family
Built in 1963
6,098 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: Colleen Martens • EXP REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #N6134225
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