656 Little Wekiva RdAltamonte 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
Rental property for sale in Altamonte Springs at 656 Little Wekiva Rd, Altamonte Springs, FL, 32714 offers $3,740/mo rent that, after a $2,559/mo payment, leaves $268/mo cash flow. Total monthly income is $3,740/mo, and annual cash flow is $3,222/yr on $172,001 cash. Return on cash invested measures 21.93% in year one, and rental yield stands at 8.58% at a $522,800 entry. Equity gained on principal adds $3,374/yr while 5% annual appreciation compounds into $144,440 by year five. Five-year ROI records 114.27% and total cumulative return in cash reaches $196,550. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,740/mo property income versus a $2,559/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
8,799 sqft lot
$N/A/sqft
$2 monthly 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: N/A • N/A
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