Investing at Altamonte Springs, Florida
Dr. Washington Kilmer of Cincinnati was the first person of European background to settle into the area circa 1870, and he named the area Altamont. According to the United States Census Bureau, the city has a total area of 9.4 mi2 (24.5 km2), of which 8.9 mi2 (23.1 km2) is land and 0.6 mi2 (1.5 km2) (5.93%) is water.
As of the census of 2000, there were 41,200 people, 18,821 households, and 10,012 families residing in the city. The population density was 4,631.1 inhabitants per square mile (1,787.3/km2). There were 19,992 housing units at an average density of 2,247.2 per square mile (867.3/km2).
The median income for a household in the city was $41,578, and the median income for a family was $49,082. Males had a median income of $34,413 versus $28,897 for females. The per capita income for the city was $23,216. About 5.6% of families and 7.4% of the population were below the poverty line, including 9.5% of those under age 18 and 6.4% of those age 65 or over.
In Altamonte Spring Florida 193 investment properties are listed for the sale. Almost 937 are off the market. In total investment opportunities are 13,682. As per November data median of property, prices is 223476. In Altamonte’s average, gross profits per flip are 50,098 dollars. There is a total of 4193 rental properties in the area that are owned by 1337 landlords connected investors.
If we look at data of vacant properties Altamonte spring, Florida has approximately 598 vacant properties. There are also 10 pre-closure and 13074 other relevant types of properties.
In Altamonte spring Florida banks are holding 37 REO properties that haven’t been listed yet.
In Altamonte Cash on cash return are average. But if we look at statistics traditional cash on cash return is 3.83% in Altamonte Spring Florida while Cash on Cash return for Airbnb is 5.00% in Altamonte Spring Florida.
If we look at the rental income of Altamonte Spring Florida traditional rental income is 1510 while if we talk about Airbnb rental income which is higher than traditional income and it is 2730.