5805 N Banana River Blvd #1116Cape 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 5805 N Banana River Blvd #1116, Cape Canaveral, FL, 32920 uses $124,313 cash to close to unlock $4,726/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $2,882/mo, and a $1,835/mo payment keeps the spread at $394/mo. Purchase price stands at $375,000, and rental yield measures 9.22% with $2,882/mo rent. Return on cash invested shows 23.71% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 123.8% and total cumulative return in cash records $153,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,882/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A 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: Duane Conrad • Blue Realty Team, LLC
Mls Name: BeachesMLS
Mls ID: #F10543217