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Altamonte Springs, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,598
Monthly Cash Flow
-$246
Principal + Equity
$2,299
Annual Total Gain
$24,631
Cash on Cash
-4.02%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$141
Occupancy Rate
54.84%
Monthly Revenue
$1,608
Monthly Cash Flow
-$477
Principal + Equity
$2,299
Annual Total Gain
$21,859
Cash on Cash %
-7.8%
Net ROI %
Market Health & Growth
Median Income
$64,106
Population
45,657
LTR Renter %
58.23%
Forecast (1 yr)
0.7%
Appreciation (1 yr)
-4.49%
Appreciation (5 yr)
41.95%
Appreciation (10 yr)
125.66%
Job Growth
0.21%
LTR Rentability
Low
STR Demand
66
STR Rentals
199
Top Public Schools
A-Crooms Academy of Information Technology
A-Choices in Learning Charter School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Most Diverse Suburbs in Florida
#35out of 380 markets
Best Suburbs for Young Professionals in Florida
#12out of 380 markets
Suburbs with the Best Public Schools in Florida
#60out of 380 markets
B
Public School
C-
Crime And Safety
C
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Altamonte Springs, FL.
Altamonte Springs, FL has specific regulations in place for Short Term Rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Registration: All STR properties in Altamonte Springs must be registered with the city's Planning and Development Department. This includes providing information about the property, owner contact information, and proof of compliance with all city regulations.
2. Zoning: Altamonte Springs has specific zoning regulations that dictate where STR properties can be located. Investors should ensure that the property they are considering purchasing is in a zone that allows for short term rentals.
3. Occupancy limits: The city has occupancy limits in place for STR properties, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are compliant with them.
4. Noise and nuisance regulations: Altamonte Springs has noise and nuisance regulations in place that apply to all properties, including STRs. Investors should be aware of these regulations and ensure that their property is not causing disturbances to neighbors.
5. Taxes and fees: Investors should be aware of any taxes or fees that apply to STR properties in Altamonte Springs. This may include tourist development taxes, sales taxes, and licensing fees.
6. Insurance requirements: Altamonte Springs may have specific insurance requirements for STR properties, such as liability insurance. Investors should ensure that they have the appropriate insurance coverage in place.
Overall, investors should thoroughly research and understand the regulations and requirements for Short Term Rentals in Altamonte Springs before purchasing a property for this purpose. Failure to comply with these regulations could result in fines or other penalties.
Market Trends Over Time
Explore 25 years of market data for Altamonte Springs, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Altamonte Springs, FL.
The LTR Genie Score of Altamonte Springs, FL is 66, indicating a moderate level of rentability for long-term rental properties. The STR Genie Score is 53, suggesting a lower level of rentability for short-term rental properties. The LTR Rent Growth Rate of 0.0577% and the 1-Year Price Appreciation Forecast of 0.7% are relatively low, contributing to the lower STR Genie Score. However, the LTR Net ROI of 33.58% and STR Net ROI of 29.8% are both favorable, indicating strong potential for returns on investment in both rental strategies.
Altamonte Springs, FL is a suburban city located in Seminole County, known for its beautiful parks, shopping centers, and proximity to Orlando. The city offers a mix of residential neighborhoods and commercial areas, making it an attractive location for real estate investors looking to diversify their portfolio.
Overall, Altamonte Springs, FL presents opportunities for both long-term and short-term rental investments, with potentially higher returns in the long-term rental market. Investors may consider focusing on long-term rental properties to take advantage of the favorable LTR Net ROI and moderate LTR Genie Score. Additionally, the city's proximity to Orlando and its amenities make it a desirable location for tenants, further supporting the potential for long-term rental success in this market.
LTR Genie Score 83
$140,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,030 sqft.🏠 CONDO
196 Riverbend Dr UNIT 101, Altamonte Springs, FL 32714