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5912 Altec Rd, Orlando, FL 32808
5 beds · 2 baths · 1,879 sqft
Investor-Friendly Pool Home with Room to Grow – Priced Below Market! Welcome to 5912 Altec Rd – a spacious, updated 5-bedroom, 2-bath home in Orlando offering 1,869 sqft of functional living space plus a large bonus room (total square footage: 2,412 sqft) perfect for an office, flex space, or future additional bedroom. This property is ideal for the savvy buyer or investor looking for a turn-key rental, family home, or value-add opportunity. Step inside to find brand-new luxury vinyl plank flooring, updated bathrooms and kitchen with new cabinets and countertops, and fresh interior and exterior paint. The home also features new fans and lighting, a roof under 2 years old, a well-maintained HVAC, and a brand-new pool pump and system. The layout includes a living room, family room, dining room, and spacious utility/storage room, offering flexibility and plenty of space. The expansive backyard and patio are perfect for entertaining, and the large pool adds major appeal. There's ample parking, and the home is conveniently located near an elementary school. With only minor punch-list items remaining, this home is nearly complete and priced well below market value for a quick sale. Plus, there's incredible potential to convert the layout into a 6–7 bedroom home to boost value or rental income. Whether you're looking to add a property to your portfolio or create a dream home with built-in equity, this is a rare opportunity you don’t want to miss.
Source: STELLAR #O6322082
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
All values shown are estimated costs / mo.
Source: Public records
Source: STELLAR #O6322082
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.
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