506 Beach Park Ln #212Cape 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 506 Beach Park Ln #212, Cape Canaveral, FL, 32920 priced at $299,000 converts $3,898/mo rent into $1,334/mo cash flow after a $1,463/mo obligation. Total monthly income equals $3,898/mo, and annual cash flow totals $16,011/yr on $99,119 invested. Return on cash invested prints 36.06% in year one, and rental yield reads 15.64% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 192.63% and total cumulative return in cash sums $190,930. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,898/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Condo
Built in 1985
2,613 sqft lot
$N/A/sqft
$580 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: Maria B Edwards • Seaside Realty of Brevard
Mls Name: Space Coast AOR
Mls ID: #1016847
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.