504 Fillmore Ave APT B8Cape 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 504 Fillmore Ave APT B8, Cape Canaveral, FL, 32920 generates $3,138/mo in rent and, after a $1,957/mo payment, leaves $485/mo in cash flow. Total monthly income is $3,138/mo, and annual cash flow is $5,814/yr on $132,567 invested. Return on cash invested sits at 24.29% in year one, and rental yield is 9.42% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 126.96% and total cumulative return in cash sums $168,308. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,138/mo property income rather than buyer’s personal income.
Condo
Built in 1973
1.48 Acres 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: Janice Cullity • HOMEVEST REALTY
Mls Name: Stellar MLS
Mls ID: #O6352771