515 Carambola AveAltamonte SpringsFL32714
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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 Altamonte Springs at 515 Carambola Ave, Altamonte Springs, FL, 32714 priced at $280,000 converts $2,044/mo rent into $186/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,044/mo, and annual cash flow totals $2,236/yr on $92,820 invested. Return on cash invested prints 22.32% in year one, and rental yield reads 8.76% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 116.39% and total cumulative return in cash sums $108,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,044/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Townhouse
Built in 1986
2,347 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32714, Altamonte Springs, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,246 (100%) |
| Owner Occupied HU | 7,343 (42.6%) |
| Renter Occupied HU | 8,815 (51.1%) |
| Vacant Housing Units | 1,088 ( 6.3%) |
| Median Home Value | $383,495 |
| Average Home Value | $427,906 |
Housing Distribution
Address Breakdown
Residential
16,682
Single Family
8,826
Multi-Family
7,856
Businesses
1,220
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Listed by: Maria Thompson • CENTURY 21 CARIOTI
Mls Name: Stellar MLS
Mls ID: #O6336453