568 Orange Dr APT 46Altamonte 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
Rental property for sale in Altamonte Springs at 568 Orange Dr APT 46, Altamonte Springs, FL, 32701 generates $1,818/mo in rent and, after a $969/mo payment, leaves $504/mo in cash flow. Total monthly income is $1,818/mo, and annual cash flow is $6,050/yr on $65,637 invested. Return on cash invested sits at 29.13% in year one, and rental yield is 11.02% on a $198,000 entry. Equity gained on principal adds $1,278/yr, while 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 152.92% and total cumulative return in cash sums $100,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,818/mo property income rather than buyer’s personal income.
Condo
Built in 1972
493 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: Carolyn Richard • EXIT REALTY PREMIER LEGACY
Mls Name: Stellar MLS
Mls ID: #O6372813