617 Red Oak Cir UNIT 121Altamonte 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 617 Red Oak Cir UNIT 121, Altamonte Springs, FL, 32701 generates $2,019/mo in rent, after a $1,762/mo payment. Total monthly income is $2,019/mo. Return on cash invested sits at 10.02% in year one, and rental yield is 6.73% on a $359,999 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 52.66% and total cumulative return in cash sums $62,841. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,019/mo property income rather than buyer’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
$613 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: Evelyn Hartnett • SOUTHERN REALTY ENTERPRISES
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6305948
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