8401 N Atlantic Ave APT E8Cape 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
Rental property for sale in Cape Canaveral at 8401 N Atlantic Ave APT E8, Cape Canaveral, FL, 32920 offers $1,275/mo rent that, after a $685/mo payment, leaves $346/mo cash flow. Total monthly income is $1,275/mo, and annual cash flow is $4,156/yr on $46,377 cash. Return on cash invested measures 28.87% in year one, and rental yield stands at 10.94% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 151.58% and total cumulative return in cash reaches $70,299. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,275/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1964
2,178 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: Ada L Bagwell • Walker Bagwell Properties Ltd
Mls Name: Space Coast AOR
Mls ID: #1066370