Altamonte Springs, FL — Rental Investment Analysis
🟢GOOD— solid returnsData: HUD FMR FY2024 + Zillow ZHVI April 2026 + Freddie Mac rates. Last updated June 2026.
Investment Summary
As of 2026, Altamonte Springs, FL offers a 6.6% cap rate with median home prices of $291,943 and 3-bedroom rents of $2,450/month.
Altamonte Springs offers solid returns for rental investors. Median home price sits at $291,943 — moderate by national standards, requiring a solid down payment but not out of reach. With 3-bedroom rents around $2,450/month, the 6.6% cap rate tells the story. Cash flow is modest at +$41/month — positive but tight. Rate increases or vacancies could flip it negative.
The 1% rule comes in at 0.84% — doesn't quite pass, but close enough to find individual deals that work. DSCR of 1.03 is tight — you'll pass most lender minimums but with little margin for error.
Bottom line: Altamonte Springs offers a balance of moderate cash flow and growth potential. Good for investors who want some income while building equity over time.
Data sources: HUD Fair Market Rents (FY2024), Zillow Home Value Index (April 2026), Freddie Mac Primary Mortgage Market Survey.
Cap Rate
6.6%
Above average
Monthly Cash Flow
+$41
After all expenses
Price-to-Rent
10.0
Investor-friendly
DSCR
1.03
Tight
Key Metrics
- Median Home Price
- $291,943
- Average Rent (3BR)
- $2,450/mo
- Price-to-Rent Ratio
- 10.0(good)
- 1% Rule
- 0.84%(fails — need 1%+)
- Cash-on-Cash Return
- 0.8%
- Vacancy Rate
- 8.0%
Market Strength
- Unemployment Rate
- 4.8%(+0.5% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- +5.6% YoY
Property Tax Rate
0.86%
of assessed value (FL avg)
Median Income
$63,062
household (FL avg)
Rent-to-Income
46.6%
Stretched
Section 8 Max Rent
$2,450/mo
3BR voucher payment
FL Investor Climate
Landlord Friendly
8/10
State Income Tax
None
Property Tax
0.86% effective
Population Trend
+5.6% (3yr)