615 Richland Ct APT 61Altamonte 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
Investment property for sale in Altamonte Springs at 615 Richland Ct APT 61, Altamonte Springs, FL, 32714 offers a 9.36% rental yield on a $199,999 purchase with $1,560/mo rent. Total monthly income registers $1,560/mo, and a $979/mo payment leaves $233/mo available for distribution. Annual cash flow reaches $2,792/yr on $66,300 to close, and return on cash invested stands at 24.12% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 126.04% and total cumulative return in cash at $83,564. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,560/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
643 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: MaryAnne Branner • PREMIER SOTHEBY'S INTL. REALTY
Mls Name: Stellar MLS
Mls ID: #O6281658