603 Manatee Bay DrCape 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 603 Manatee Bay Dr, Cape Canaveral, FL, 32920 offers $4,392/mo rent that, after a $7,709/mo payment. Total monthly income is $4,392/mo. Return on cash invested measures 5.93% in year one, and rental yield stands at 3.35% at a $1,575,000 entry. Equity gained on principal adds $10,163/yr while 5% annual appreciation compounds into $435,143 by year five. Five-year ROI records 28.46% and total cumulative return in cash reaches $145,250. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,392/mo property income versus a $7,709/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.57 Acres lot
$N/A/sqft
$950 annually 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: Wayne D Posey • Posey & Co
Mls Name: Space Coast AOR
Mls ID: #1042616
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.