1054 Lotus Cove Ct UNIT 612Altamonte SpringsFL32714
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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 Altamonte Springs at 1054 Lotus Cove Ct UNIT 612, Altamonte Springs, FL, 32714 uses $57,979 cash to close to unlock $2,741/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,389/mo, and a $856/mo payment keeps the spread at $228/mo. Purchase price stands at $174,900, and rental yield measures 9.53% with $1,389/mo rent. Return on cash invested shows 24.64% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 128.84% and total cumulative return in cash records $74,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,389/mo property income covering a $856/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32714, Altamonte Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,246 (100%) |
| Owner Occupied HU | 7,343 (42.6%) |
| Renter Occupied HU | 8,815 (51.1%) |
| Vacant Housing Units | 1,088 ( 6.3%) |
| Median Home Value | $383,495 |
| Average Home Value | $427,906 |
Housing Distribution
Address Breakdown
Residential
16,682
Single Family
8,826
Multi-Family
7,856
Businesses
1,220
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Listed by: Matt Merdian • MERDIAN REALTY LLC
Mls Name: Stellar MLS
Mls ID: #O6353321