988 Palm Springs 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
Investment property for sale in Altamonte Springs at 988 Palm Springs Dr, Altamonte Springs, FL, 32701 earns $611/mo cash flow from $2,502/mo rent with a $1,395/mo payment. Total monthly income totals $2,502/mo, and annual cash flow totals $7,327/yr on $94,478 capital. ROI tracks 27.66% on current figures, and rental yield reads 10.53% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 145.03% and total cumulative return in cash sums $137,022. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,502/mo property income instead of your personal income.
Single Family
Built in 1960
6,829 sqft 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: TJ Tuzzeo • KONA REALTY SERVICES LLC
Mls Name: Stellar MLS
Mls ID: #O6353223