550 Via Del Oro Dr Unit 102Altamonte SpringsFL32714
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowHigh DSCR is a competitive advantage at closing. 550 Via Del Oro Dr Unit 102, Altamonte Springs, FL, 32714 in Altamonte Springs achieves 1.95, rent of $2,369/mo covers the $1,214/mo payment 1.5x over at $270,000. Rental yield 10.53%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $74,596 over five years, with $2,487/yr in principal reduction bringing total projected return to $140,069.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 6.0% |
| Monthly Cash Flow | $(188) | $200 |
City averages based on Altamonte Springs market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,369 |
| Total Monthly Debt Service | $1,684 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2001
1,286 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2001
1,286 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Stellar MLS
Mls ID: #O6413783