605 Seaport Blvd #242Cape 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 Seaport Blvd #242, Cape Canaveral, FL, 32920 with 5% annual appreciation on a $328,000 basis while $4,063/mo rent supports operations. Total monthly income totals $4,063/mo and a $1,605/mo payment preserves $1,245/mo for cash returns. Annual cash flow comes to $14,937/yr on $108,732 deployed, and return on cash invested reaches 33.65% in year one. Equity gained on principal adds $2,117/yr, and five-year appreciation sums $90,620 alongside rental yield of 14.86%. Five-year ROI measures 179.66% and total cumulative return in cash totals $195,343.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,063/mo property income versus a $1,605/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1985
2,613 sqft lot
$N/A/sqft
$642 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: Jose Rojo • Urban-O Real Estate Solutions
Mls Name: Space Coast AOR
Mls ID: #1015396
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.