5800 N Banana River Blvd APT 128, Cape Canaveral, FL, 32920 | $1,190/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cape Canaveral at 5800 N Banana River Blvd APT 128, Cape Canaveral, FL, 32920 offers a 13.25% rental yield on a $270,000 purchase with $2,982/mo rent. Total monthly income registers $2,982/mo, and a $1,322/mo payment leaves $1,190/mo available for distribution. Annual cash flow reaches $14,277/yr on $89,505 to close, and return on cash invested stands at 35.86% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 188.96% and total cumulative return in cash at $169,129. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,982/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1979

2,613 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