510 Cranes Way APT 301Altamonte 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 510 Cranes Way APT 301, Altamonte Springs, FL, 32701 uses $53,040 cash to close to unlock $6,808/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $1,629/mo, and a $783/mo payment keeps the spread at $567/mo. Purchase price stands at $160,000, and rental yield measures 12.22% with $1,629/mo rent. Return on cash invested shows 32.74% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 172.31% and total cumulative return in cash records $91,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,629/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1976
413 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: Patti Duerden • UNITED REAL ESTATE PREFERRED
Mls Name: Stellar MLS
Mls ID: #O6330659