679 Melanie LnAltamonte 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 679 Melanie Ln, Altamonte Springs, FL, 32701 offers $1,476/mo rent that, after a $930/mo payment, leaves $215/mo cash flow. Total monthly income is $1,476/mo, and annual cash flow is $2,581/yr on $62,985 cash. Return on cash invested measures 24.01% in year one, and rental yield stands at 9.32% at a $190,000 entry. Equity gained on principal adds $1,226/yr while 5% annual appreciation compounds into $52,494 by year five. Five-year ROI records 125.48% and total cumulative return in cash reaches $79,032. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,476/mo property income versus a $930/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A 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: Matthew Agnesi • AMERICAN SIGNATURE REALTY, LLC
Mls Name: Stellar MLS
Mls ID: #O6334140