598 Orange Dr APT 157Altamonte SpringsFL32701
INVESTMENT ANALYSIS
Investment Verdict
Solid Income598 Orange Dr APT 157, Altamonte Springs, FL, 32701 in Altamonte Springs earns a respectable 9.06% gross yield at $109,000, but after the $490/mo mortgage the net cash flow is $100/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.68) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $30,115 over five years, making equity the dominant return driver. Total projected return: $48,009.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $100 | $200 |
City averages based on Altamonte Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $823 |
| Total Monthly Debt Service | $680 |
| DSCR Ratio | 1.21x |
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 1972
291 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
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 1972
291 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frank Ferrell • FERRELL REALTY, INC.
Mls Name: Stellar MLS
Mls ID: #O6353665