1507 Northlake Dr #1507SanfordFL32773
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1507 Northlake Dr #1507, Sanford, FL, 32773 in Sanford deserves attention. This $194,500 property earns $2,730/mo in rent, a 16.84% gross yield, and nets $1,022/mo after the $875/mo payment. DSCR 3.12 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $53,737 compounds alongside $1,791/yr in yearly equity build, for a total cumulative return of $141,749.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.8% | 6.0% |
| Monthly Cash Flow | $1,022 | $1,500 |
City averages based on Sanford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,730 |
| Total Monthly Debt Service | $1,630 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1987
475 sqft lot
$N/A/sqft
$417 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32773, Sanford, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,008 (100%) |
| Owner Occupied HU | 8,027 (57.3%) |
| Renter Occupied HU | 5,226 (37.3%) |
| Vacant Housing Units | 755 ( 5.4%) |
| Median Home Value | $337,016 |
| Average Home Value | $357,944 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
9,064
Multi-Family
4,001
Businesses
733
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1987
475 sqft lot
$N/A/sqft
$417 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32773, Sanford, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,008 (100%) |
| Owner Occupied HU | 8,027 (57.3%) |
| Renter Occupied HU | 5,226 (37.3%) |
| Vacant Housing Units | 755 ( 5.4%) |
| Median Home Value | $337,016 |
| Average Home Value | $357,944 |
Housing Distribution
Address Breakdown
Residential
13,065
Single Family
9,064
Multi-Family
4,001
Businesses
733
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices