8494 Ridgewood Ave APT 4205Cape 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 8494 Ridgewood Ave APT 4205, Cape Canaveral, FL, 32920 earns $292/mo cash flow from $3,628/mo rent with a $2,041/mo payment. Total monthly income totals $3,628/mo, and annual cash flow totals $3,501/yr on $138,202 capital. ROI tracks 22.44% on current figures, and rental yield reads 10.44% at a $416,900 purchase. Equity gained on principal adds $2,690/yr, and 5% annual appreciation supports $115,182 over five years. Five-year ROI reaches 118.8% and total cumulative return in cash sums $164,178. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,628/mo property income instead of your personal income.
Condo
Built in 1984
1,306 sqft lot
$N/A/sqft
$550 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: Marla Vardaman • Cocoa Beach Best Realty, LLC
Mls Name: Space Coast AOR
Mls ID: #1010610
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.