131 Water Front Way APT 150Altamonte SpringsFL32701
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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 131 Water Front Way APT 150, Altamonte Springs, FL, 32701 uses $36,134 cash to close to unlock $1,418/yr annual cash flow and $118/mo monthly cash flow. Total monthly income runs $842/mo, and a $534/mo payment keeps the spread at $118/mo. Purchase price stands at $109,000, and rental yield measures 9.27% with $842/mo rent. Return on cash invested shows 23.83% in year one, and 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 124.6% and total cumulative return in cash records $45,022. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $842/mo property income covering a $534/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32701, Altamonte Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,985 (100%) |
| Owner Occupied HU | 5,361 (44.7%) |
| Renter Occupied HU | 5,608 (46.8%) |
| Vacant Housing Units | 1,016 ( 8.5%) |
| Median Home Value | $371,252 |
| Average Home Value | $448,180 |
Housing Distribution
Address Breakdown
Residential
10,834
Single Family
8,025
Multi-Family
2,809
Businesses
952
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Listed by: Irina Kempe • NEW SOLUTIONS REALTY INC
Mls Name: Stellar MLS
Mls ID: #O6343655