605 Northlake Blvd APT 75Altamonte 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 605 Northlake Blvd APT 75, Altamonte Springs, FL, 32701 priced at $185,900 pairs $2,029/mo rent with $475/mo cash flow after a $910/mo payment. Total monthly income equals $2,029/mo, and annual cash flow comes to $5,705/yr on $61,626 invested. Return on cash invested is 29.17% in year one, and rental yield stands at 13.1% on a $185,900 basis. Equity gained on principal adds $1,200/yr, and 5% annual appreciation accumulates to $51,361 by year five. Five-year ROI measures 155.38% and total cumulative return in cash reaches $95,757. For financing, Ziffy Mortgage’s DSCR program evaluates $2,029/mo property income against a $910/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1981
1,374 sqft lot
$N/A/sqft
$300 monthly 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: Phyllis Kent • PHYLLIS KENT REAL ESTATE LLC
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6228385
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511