700 Melrose Ave APT E6Winter ParkFL32789
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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 Winter Park at 700 Melrose Ave APT E6, Winter Park, FL, 32789 priced at $185,000 pairs $1,831/mo rent with $39/mo cash flow after a $905/mo payment. Total monthly income equals $1,831/mo, and annual cash flow comes to $472/yr on $61,328 invested. Return on cash invested is 20.68% in year one, and rental yield stands at 11.88% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 111.6% and total cumulative return in cash reaches $68,439. For financing, Ziffy Mortgage’s DSCR program evaluates $1,831/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1964
5,809 sqft lot
$N/A/sqft
$519 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32789, Winter Park, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,162 (100%) |
| Owner Occupied HU | 7,259 (55.2%) |
| Renter Occupied HU | 4,650 (35.3%) |
| Vacant Housing Units | 1,253 ( 9.5%) |
| Median Home Value | $770,712 |
| Average Home Value | $918,605 |
Housing Distribution
Address Breakdown
Residential
12,522
Single Family
10,829
Multi-Family
1,693
Businesses
1,980
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Listed by: Milton James • COLDWELL BANKER RESIDENTIAL RE
Mls Name: Stellar MLS
Mls Provider:
Mls ID: #O6228063
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Zillow, Inc - (407) 904-3511