7520 Ridgewood Ave APT 906Cape 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
Total monthly income runs $2,803/mo, and a $2,912/mo payment. Purchase price stands at $595,000, and rental yield measures 5.65% with $2,803/mo rent. Return on cash invested shows 13.04% in year one, and 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 66.57% and total cumulative return in cash records $130,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,803/mo property income covering a $2,912/mo payment rather than investor’s personal income.
Condo
Built in 1975
1,306 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: Christina Ritman • Florida Lifestyle Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1060445