224 Adelaide BlvdAltamonte 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
Rental property for sale in Altamonte Springs at 224 Adelaide Blvd, Altamonte Springs, FL, 32701 priced at $690,000 converts $3,264/mo rent into after a $3,377/mo obligation. Total monthly income equals $3,264/mo. Return on cash invested prints 13.11% in year one, and rental yield reads 5.68% against a $690,000 entry. Equity gained on principal adds $4,452/yr, while 5% annual appreciation compiles into $190,634 by year five. Five-year ROI reaches 66.95% and total cumulative return in cash sums $151,988. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,264/mo property income covering a $3,377/mo payment, not borrower’s personal income.
Single Family
Built in 1969
0.47 Acres 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: Jenny Wemert • WEMERT GROUP REALTY LLC
Mls Name: Stellar MLS
Mls ID: #O6342000