413 Summit Ridge Pl APT 209LongwoodFL32779
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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 Longwood at 413 Summit Ridge Pl APT 209, Longwood, FL, 32779 generates $1,708/mo in rent and, after a $887/mo payment, leaves $143/mo in cash flow. Total monthly income is $1,708/mo, and annual cash flow is $1,719/yr on $60,101 invested. Return on cash invested sits at 22.77% in year one, and rental yield is 11.31% on a $181,300 entry. Equity gained on principal adds $1,170/yr, while 5% annual appreciation builds toward $50,090 over five years. Five-year ROI reaches 121.46% and total cumulative return in cash sums $73,001. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,708/mo property income rather than buyer’s personal income.
Condo
Built in 1996
554 sqft lot
$N/A/sqft
$362 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32779, Longwood, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,538 (100%) |
| Owner Occupied HU | 9,295 (74.1%) |
| Renter Occupied HU | 2,767 (22.1%) |
| Vacant Housing Units | 476 ( 3.8%) |
| Median Home Value | $566,920 |
| Average Home Value | $653,808 |
Housing Distribution
Address Breakdown
Residential
11,772
Single Family
11,628
Multi-Family
144
Businesses
442
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Listed by: Nadja McMillan, PA • UNITED REAL ESTATE PREFERRED
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6252613
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511