344 Ridgewood StAltamonte 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 344 Ridgewood St, Altamonte Springs, FL, 32701 priced at $489,900 converts $2,974/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,974/mo. Return on cash invested prints 17.86% in year one, and rental yield reads 7.28% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 92.44% and total cumulative return in cash sums $150,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,974/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 1979
0.27 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: Tony Nicolas • COLDWELL BANKER REALTY
Mls Name: Stellar MLS
Mls ID: #O6374849