657 Lake DrAltamonte 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 657 Lake Dr, Altamonte Springs, FL, 32701 priced at $419,900 converts $2,854/mo rent into $68/mo cash flow after a $2,055/mo obligation. Total monthly income equals $2,854/mo, and annual cash flow totals $812/yr on $139,197 invested. Return on cash invested prints 20.49% in year one, and rental yield reads 8.16% against a $419,900 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation compiles into $116,011 by year five. Five-year ROI reaches 106.55% and total cumulative return in cash sums $148,320. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,854/mo property income covering a $2,055/mo payment, not borrower’s personal income.
Single Family
Built in 1952
0.42 Acres 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: Joanne Montchal • ROCK SPRINGS REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #G5103633