413 Summit Ridge Pl APT 215LongwoodFL32779
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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 Longwood at 413 Summit Ridge Pl APT 215, Longwood, FL, 32779 offers a 9.55% rental yield on a $223,900 purchase with $1,781/mo rent. Total monthly income registers $1,781/mo, and a $1,096/mo payment leaves $282/mo available for distribution. Annual cash flow reaches $3,386/yr on $74,223 to close, and return on cash invested stands at 24.47% in year one. Equity gained on principal adds $1,445/yr while 5% annual appreciation supports $61,859 over five years. Portfolio math shows five-year ROI at 128.03% and total cumulative return in cash at $95,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,781/mo property income against a $1,096/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No 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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