315 Lakepointe Dr Unit 104Altamonte 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 315 Lakepointe Dr Unit 104, Altamonte Springs, FL, 32701 offers a 9.24% rental yield on a $158,000 purchase with $1,217/mo rent. Total monthly income registers $1,217/mo, and a $773/mo payment leaves $169/mo available for distribution. Annual cash flow reaches $2,026/yr on $52,377 to close, and return on cash invested stands at 23.78% in year one. Equity gained on principal adds $1,020/yr while 5% annual appreciation supports $43,652 over five years. Portfolio math shows five-year ROI at 124.19% and total cumulative return in cash at $65,050. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,217/mo property income against a $773/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
468 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: Vicki Bray-Fagan, LLC • WATSON REALTY CORP
Mls Name: Stellar MLS
Mls ID: #O6376670