Discounted Cape Canaveral Condo

Discounted Cape Canaveral Condo

2 bed 2 bath 1110 sq ft Built in 1981 Single Family
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72
Quality of Comparables
Low High
15 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

This 2-bedroom, 2-bathroom condo with 1110-square-feet of living space in Cape Canaveral, Brevard County, is currently income-producing and rented on a month-to-month basis, bringing in $1650 per month. With the tenants being on a month-to-month basis, in the event an investor elected to hold this property as a rental, you could easily achieve $1900 per month.

This property had a new roof installed in 2023 and a high-voltage electric replacement in 2022. The air conditioning and water heater have been replaced in the last four years. A full cosmetic rehab is recommended to further enhance its value by adding LVP flooring, paint, kitchen cabinets, and refreshing the bathrooms. The property is well-positioned near A-rated schools, beaches, the cruise port, restaurants, and shopping. 

The cheapest active 2-bedroom comparable in the area is listed at $260,000, highlighting the investment potential.  

Reach out to your EquityPro Advisor today so you don't miss out on this opportunity.

 

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We recommend flip
Rental Income
$1,650 mo. / $19,800 yr.
Estimated Taxes
$1,600 / yr.
Maintenance
$500 / yr.
HOA Dues
$3,000 / yr.
$11,020
Projected Income
5.60%
Estimated APY
$89,700
Projected Income
42.65%
Estimated ROI

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