920 Lake Destiny Rd UNIT FAltamonte SpringsFL32714
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 920 Lake Destiny Rd UNIT F, Altamonte Springs, FL, 32714 priced at $145,000 pairs $1,090/mo rent with $127/mo cash flow after a $710/mo payment. Total monthly income equals $1,090/mo, and annual cash flow comes to $1,530/yr on $48,068 invested. Return on cash invested is 23.09% in year one, and rental yield stands at 9.02% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 120.57% and total cumulative return in cash reaches $57,956. For financing, Ziffy Mortgage’s DSCR program evaluates $1,090/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
601 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carrie Sue Shawfield • SHAWFIELD REALTY GROUP
Mls Name: Stellar MLS
Mls ID: #O6363074