8496 Ridgewood Ave APT 3205Cape 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 8496 Ridgewood Ave APT 3205, Cape Canaveral, FL, 32920 generates $3,148/mo in rent, after a $2,912/mo payment. Total monthly income is $3,148/mo. Return on cash invested sits at 15.15% in year one, and rental yield is 6.35% on a $595,000 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,388 over five years. Five-year ROI reaches 77.9% and total cumulative return in cash sums $152,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,148/mo property income rather than buyer’s personal income.
Condo
Built in 1981
2,613 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: Kate Flack • LPT Realty LLC
Mls Name: Space Coast AOR
Mls ID: #1067089