701 Solana Shores Dr APT 303Cape 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 701 Solana Shores Dr APT 303, Cape Canaveral, FL, 32920 at $848,899 posts ROI 8.75% with from $3,000/mo rent. Total monthly income equals $3,000/mo. Return on cash invested measures 8.75% and rental yield reads 4.24% at the current $848,899. Equity gained on principal adds $5,478/yr, and 5% annual appreciation supports $234,535 by year five. Five-year ROI prints 43.54% and total cumulative return in cash totals $121,596. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,000/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2000
9,583 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
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Listed by: Kristine Anne Boland • KB Realty Inc.
Mls Name: Space Coast AOR
Mls ID: #1036771