400 Lake Placid Ct UNIT 204Altamonte 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 400 Lake Placid Ct UNIT 204, Altamonte Springs, FL, 32701 listed at $145,000 pairs $1,091/mo rent with a $710/mo payment to leave $128/mo cash flow. Total monthly income runs $1,091/mo, and annual cash flow reaches $1,542/yr on $48,068 cash to close. Return on cash invested measures 23.12% in year one, and rental yield registers 9.03% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 120.7% and total cumulative return in cash totals $58,016. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,091/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
415 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: Steve Dalton LLC • ROYALTY R E BOUTIQUE INC
Mls Name: Stellar MLS
Mls ID: #O6352097