623 Red Oak Cir UNIT 109Altamonte 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 623 Red Oak Cir UNIT 109, Altamonte Springs, FL, 32701 generates $2,740/mo in rent and, after a $1,786/mo payment, leaves $318/mo in cash flow. Total monthly income is $2,740/mo, and annual cash flow is $3,822/yr on $120,964 invested. Return on cash invested sits at 23.07% in year one, and rental yield is 9.01% on a $364,900 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 120.38% and total cumulative return in cash sums $145,620. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,740/mo property income rather than buyer’s personal income.
Townhouse
Built in 1985
1,312 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: Thomas Siciliano • KELLER WILLIAMS HERITAGE REALTY
Mls Name: Stellar MLS
Mls ID: #O6356306