951 Salt Pond Pl UNIT 302Altamonte 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
Investment property for sale in Altamonte Springs at 951 Salt Pond Pl UNIT 302, Altamonte Springs, FL, 32714 uses $48,068 cash to close to unlock $7,338/yr annual cash flow and $611/mo monthly cash flow. Total monthly income runs $1,574/mo, and a $710/mo payment keeps the spread at $611/mo. Purchase price stands at $145,000, and rental yield measures 13.03% with $1,574/mo rent. Return on cash invested shows 35.17% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 185.33% and total cumulative return in cash records $89,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,574/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A 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
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Listed by: Travis Stone • BENOIT MANAGEMENT LLC
Mls Name: Stellar MLS
Mls ID: #C7519658