138 Meadowlark DrAltamonte 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 138 Meadowlark Dr, Altamonte Springs, FL, 32701 listed at $359,999 pairs $2,638/mo rent with a $1,762/mo payment to leave $249/mo cash flow. Total monthly income runs $2,638/mo, and annual cash flow reaches $2,988/yr on $119,340 cash to close. Return on cash invested measures 22.41% in year one, and rental yield registers 8.79% at a $359,999 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 116.84% and total cumulative return in cash totals $139,437. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,638/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
9,293 sqft 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: Susanne Moser • MOSER REALTY CO
Mls Name: Stellar MLS
Mls ID: #O6357736