623 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
Investment property for sale in Altamonte Springs at 623 Red Oak Cir UNIT 121, Altamonte Springs, FL, 32701 earns $71/mo cash flow from $2,128/mo rent with a $1,517/mo payment. Total monthly income totals $2,128/mo, and annual cash flow totals $853/yr on $102,765 capital. ROI tracks 20.74% on current figures, and rental yield reads 8.24% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 107.92% and total cumulative return in cash sums $110,899. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,128/mo property income instead of your personal income.
Townhouse
Built in 1985
1,289 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: Elmar Clarisse • LPT REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #S5133333