605 Ocean Park Ln #V235Cape 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 605 Ocean Park Ln #V235, Cape Canaveral, FL, 32920 uses $82,875 cash to close to unlock $3,259/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $2,644/mo, and a $1,224/mo payment keeps the spread at $272/mo. Purchase price stands at $250,000, and rental yield measures 12.69% with $2,644/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 128.27% and total cumulative return in cash records $106,306. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,644/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 2003
2,613 sqft lot
$N/A/sqft
$624 monthly 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: Flavia Barrial • Denovo Realty
Mls Name: Space Coast AOR
Mls ID: #1049192
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.