8600 Ridgewood Ave #3205Cape CanaveralFL32920
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 8600 Ridgewood Ave #3205, Cape Canaveral, FL, 32920 offers a 6.54% rental yield on a $348,000 purchase with $1,896/mo rent. 68% in year one. Equity gained on principal adds $2,246/yr while 5% annual appreciation supports $96,146 over five years. Portfolio math shows five-year ROI at 50.73% and total cumulative return in cash at $58,522. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,896/mo property income against a $1,703/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
9.41 Acres lot
$N/A/sqft
$515 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacqueline Griffin • FLORIDA LIFESTYLE REALTY LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6258092
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