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$529,900

Sale Pending
417 Monticello Dr, Altamonte Springs, FL 32701
4 Beds
2 Baths
2,077 Square Feet
0.27 Acres Lot
Built in 1965
Sale Pending
Units n/a
Checked: 1 day ago
Updated: Jul 08, 2025 at 03:35AM

Investment Summary


Monthly Cash Flow
-$714
Cap Rate
4.5%
Cash-on-Cash Return
-7.0%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.8%

Property Description


0.27 Acres Lot
Built in 1965
Sale Pending
Units n/a

Under contract-accepting backup offers. Welcome to this beautifully updated 4-bedroom, 2-bathroom home offering 2,077 square feet of comfortable, energy-efficient living in the sought-after Glen Arden neighborhood. Situated on a spacious 0.27-acre lot, this home combines timeless details with modern upgrades for effortless everyday living. Inside, crown molding flows throughout the open floor plan featuring a cozy wood-burning fireplace, French doors, and a flexible den/study/playroom. The open-concept kitchen and dining area is ideal for entertaining, showcasing refaced white wood cabinets(2023), granite countertops, stainless steel appliances, a center island with seating for two, and a closet pantry for added storage. The primary suite offers a peaceful retreat and boasts a luxurious, recently renovated ensuite bathroom featuring marble flooring and accents, dual granite vanities, a separate water closet, a large walk-in shower with rainfall with handheld fixtures, and two closets. The updated hall bathroom boasts a beautiful vanity with a granite countertop and custom tile in the tub/shower area. Other interior features include: ceiling fans and blinds throughout, washer and dryer, and solar panels for extra savings. Step outside onto a beautifully paved patio with market lights - perfect for entertaining friends and family. The fully fenced backyard features a large double gate with access to an extra driveway/parking pad, so pull your boat, RV or other fun toys right into the backyard! The garage includes a stainless steel racking system and is pre-plumbed for a half bath. Underground utilities were updated in 2021 for added peace of mind during hurricane season. The Glen Arden community offers a peaceful setting with sidewalks and mature landscaping, and just 3 minute drive to skiable Lake Orienta Boat Ramp. Conveniently located 10 minutes to I-4 and 7 minutes to beautiful Lake Lily Park. Enjoy close proximity to top-rated public and private schools, restaurants, shopping, and the charming towns of Maitland and Winter Park. This home blends comfort, functionality, and location—don't miss the opportunity to make it yours! Roof - 2020 HVAC - 2015 Water Heater - 2016

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Location


Property Details


Parking

  • Description: Bath In Garage, Driveway, Garage Faces Side, Guest, Oversized, Parking Pad
  • Details: Boat, Driveway, Garage Door Opener, Garage Faces Side, On Street, Oversized, Parking Pad, RV Access/Parking, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle
  • Solar Panels: Yes

HOA

  • Association: Joyce Dorfman

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 2421295130B000090
  • Lot Size: 11875 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch, Traditional
  • Year Built: 1965

Tax Information

  • Annual Tax: $4,985

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air

Location

  • County: Seminole

Listing Details


Listed by:
Amy Turner
KELLER WILLIAMS WINTER PARK
(407) 803-3885

Source:
Stellar MLS
MLS#: O6319128
Stellar MLS

Investment Summary


Monthly Cash Flow
-$714
Cap Rate
4.5%
Cash-on-Cash Return
-7.0%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.8%

Purchase Details

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Purchase price:
$529,900
Amount financed:
-$423,920
Down payment:
$105,980
Closing costs:
$15,897
Rehab costs:
$0
Initial cash invested:
$121,877
Square feet:
2,077
Cost per square foot:
$255
Monthly rent per square foot:
$1.69

Financing Details

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Loan amount:
$423,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,714
Property tax:
$415
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,374

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$415-$4,985
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (37%)
37%-$1,290-$15,485

Cash Flow


Monthly Yearly
Net operating income:
$2,000 $24,000
Mortgage payments:
-$2,714 -$32,568
Cash flow:
$714 $8,568