Cape Canaveral 2nd Fl. Condo

Cape Canaveral 2nd Fl. Condo

2 bed 2 bath 1110 sq ft Built in 1989 Condominium
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74
Quality of Comparables
Low High
14 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
16/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
7/10
Placement in Neighborhood
Busy Calm
7/10
Property Details

This second-floor unit is located just blocks from the beach. When standing on the balcony, you can see the tops of cruise ships as they come and go from the Port of Canaveral. You can also see rocket launches from the Cape while sitting on the back porch.

The unit will need some interior updates. We recommend updating the kitchen, floors, and bathrooms. Once updated, this should attract buyers based on its location and the quality of the complex.

HOA dues are $300 per month and cover everything on the exterior. The roof, outside electric panels, and exterior paint have all been updated within the last two years. Each unit comes with two assigned parking spots. Note that two units in the complex recently appraised at $329,000 and are now long-term rentals. 

Properties with this much equity and at this price are rare. Call your EquityPro Advisor today to secure this opportunity.

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We recommend flip
Rental Income
$2,000 mo. / $24,000 yr.
Estimated Taxes
$1,667 / yr.
Maintenance
$500 / yr.
HOA Dues
$3,600 / yr.
$15,033
Projected Income
6.41%
Estimated APY
$63,850
Projected Income
24.93%
Estimated ROI

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