604 Shorewood Dr Unit B503Cape CanaveralFL32920
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 604 Shorewood Dr Unit B503, Cape Canaveral, FL, 32920 earns $161/mo cash flow from $3,506/mo rent with a $2,467/mo payment. Total monthly income totals $3,506/mo, and annual cash flow totals $1,934/yr on $165,816 capital. ROI tracks 21.23% on current figures, and rental yield reads 8.35% at a $504,000 purchase. Equity gained on principal adds $3,252/yr, and 5% annual appreciation supports $139,246 over five years. Five-year ROI reaches 110.49% and total cumulative return in cash sums $183,208. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,506/mo property income instead of your personal income.
Condo
Built in 1997
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Jean Norcross • Launch Realty & Prop Mgmt. LLC
Mls Name: Space Coast AOR
Mls ID: #1067689