8600 Ridgewood Ave #3310Cape 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 8600 Ridgewood Ave #3310, Cape Canaveral, FL, 32920 earns from $1,898/mo rent with a $2,716/mo payment. Total monthly income totals $1,898/mo. ROI tracks 8.33% on current figures, and rental yield reads 4.1% at a $555,000 purchase. Equity gained on principal adds $3,581/yr, and 5% annual appreciation supports $153,336 over five years. Five-year ROI reaches 41.32% and total cumulative return in cash sums $75,452. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,898/mo property income instead of your personal income.
Condo
Built in 1988
3,484 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: Justin Luke • Blue Marlin Real Estate
Mls Name: Space Coast AOR
Mls ID: #1060749