8754 Banyan Way CpeCape 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 8754 Banyan Way Cpe, Cape Canaveral, FL, 32920 uses $100,776 cash to close to unlock $5,682/yr annual cash flow and $474/mo monthly cash flow. Total monthly income runs $2,491/mo, and a $1,488/mo payment keeps the spread at $474/mo. Purchase price stands at $304,000, and rental yield measures 9.83% with $2,491/mo rent. Return on cash invested shows 25.55% in year one, and 5% annual appreciation builds toward $83,990 over five years. Five-year ROI reaches 133.67% and total cumulative return in cash records $134,708. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,491/mo property income covering a $1,488/mo payment rather than investor’s personal income.
Townhouse
Built in 1978
1,306 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: Galina K. Reyes • Coldwell Banker Realty
Mls Name: Space Coast AOR
Mls ID: #1065196