551 Casa Bella Dr UNIT 204Cape 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
Investment property for sale in Cape Canaveral at 551 Casa Bella Dr UNIT 204, Cape Canaveral, FL, 32920 listed at $410,000 pairs $3,100/mo rent with a $2,007/mo payment to leave $379/mo cash flow. Total monthly income runs $3,100/mo, and annual cash flow reaches $4,547/yr on $135,915 cash to close. Return on cash invested measures 23.25% in year one, and rental yield registers 9.07% at a $410,000 basis. Equity gained on principal adds $2,646/yr, and annual property appreciation at 5% supports $113,275 by year five. Five-year ROI tracks 121.35% and total cumulative return in cash totals $164,939. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,100/mo property income relative to a $2,007/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
871.20 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: Robert Thomas Adkins • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1059168