360 Lakepointe Dr #304Altamonte 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 360 Lakepointe Dr #304, Altamonte Springs, FL, 32701 offers a 14.02% rental yield on a $136,700 purchase with $1,597/mo rent. Total monthly income registers $1,597/mo, and a $669/mo payment leaves $690/mo available for distribution. Annual cash flow reaches $8,279/yr on $45,316 to close, and return on cash invested stands at 38.18% in year one. Equity gained on principal adds $882/yr while 5% annual appreciation supports $37,768 over five years. Portfolio math shows five-year ROI at 201.43% and total cumulative return in cash at $91,278. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,597/mo property income against a $669/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A 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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Nearby investment properties with comparable prices
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