8472 Ridgewood Ave UNIT 301Cape 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 8472 Ridgewood Ave UNIT 301, Cape Canaveral, FL, 32920 listed at $559,000 pairs $3,547/mo rent with a $2,736/mo payment. Total monthly income runs $3,547/mo. Return on cash invested measures 13.18% in year one, and rental yield registers 7.61% at a $559,000 basis. Equity gained on principal adds $3,607/yr, and annual property appreciation at 5% supports $154,441 by year five. Five-year ROI tracks 69.47% and total cumulative return in cash totals $127,755. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,547/mo property income relative to a $2,736/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
3,049 sqft lot
$N/A/sqft
$772 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: Karen Fleckinger • HOUSEMAX PRO REALTY
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6246001
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. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511