321 Ridgewood StAltamonte SpringsFL32701
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
Investment Highlights
Investment property for sale in Altamonte Springs at 321 Ridgewood St, Altamonte Springs, FL, 32701 with 5% annual appreciation on a $430,000 basis while $3,803/mo rent supports operations. Total monthly income totals $3,803/mo and a $2,105/mo payment preserves $949/mo for cash returns. Annual cash flow comes to $11,389/yr on $142,545 deployed, and return on cash invested reaches 27.9% in year one. Equity gained on principal adds $2,775/yr, and five-year appreciation sums $118,801 alongside rental yield of 10.61%. Five-year ROI measures 146.3% and total cumulative return in cash totals $208,539.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,803/mo property income versus a $2,105/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1972
0.26 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joyce Dowd • FLORIDA REALTY INVESTMENTS
Mls Name: Stellar MLS
Mls ID: #O6356762