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$205,000

For Sale - Active
200 Maitland Ave Apt 12, Altamonte Springs, FL 32701
2 Beds
2 Baths
1,216 Square Feet
0.02 Acres Lot
Built in 1970
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: May 27, 2025 at 02:37PM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$75
Cap Rate
5.7%
Cash-on-Cash Return
-1.9%
Debt Coverage Ratio
0.93
Internal Rate of Return (5 years)
2.1%

Property Description


0.02 Acres Lot
Built in 1970
For Sale - Active
Units n/a

Charming 2-Bed, 2-Bath Condo in Altamonte Springs – Maintenance-Free & Full of Character! Welcome to your perfect slice of paradise! This 2-bedroom, 2-bath condo in the heart of Altamonte Springs is the ideal blend of comfort, convenience, and lakeside living. Lake Orienta Access – Bring your kayak, paddleboard, or fishing gear and enjoy the water anytime you want! Resort-Style Amenities – Take a dip in the sparkling community pools, enjoy the tennis courts, and live that maintenance-free lifestyle. Charming Interior – Vaulted ceilings with wood beams, a classic galley-style kitchen, and a mix of tile and wood flooring create a warm and inviting atmosphere. Unbeatable Location – Just minutes from shopping, dining, and entertainment, plus easy access to all that Orlando has to provide ! Whether you’re looking for a full-time home, vacation spot, or investment opportunity, this condo has it all. Don’t miss out—schedule your private tour today!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Block
  • Roof Type: Gable
  • Roof Material: Shingle

HOA

  • Association: Lori Waddick

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 13212952001000120
  • Lot Size: 686 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1970

Tax Information

  • Annual Tax: $3,203

Utilities

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

Location

  • County: Seminole

Listing Details


Listed by:
Mike Perez
EXP REALTY LLC
(407) 433-0101

Source:
Stellar MLS
MLS#: O6285726
Stellar MLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$75
Cap Rate
5.7%
Cash-on-Cash Return
-1.9%
Debt Coverage Ratio
0.93
Internal Rate of Return (5 years)
2.1%

Purchase Details

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Purchase price:
$205,000
Amount financed:
-$164,000
Down payment:
$41,000
Closing costs:
$6,150
Rehab costs:
$0
Initial cash invested:
$47,150
Square feet:
1,216
Cost per square foot:
$169
Monthly rent per square foot:
$1.48

Financing Details

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Loan amount:
$164,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,050
Property tax:
$267
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,443

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$267-$3,204
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$717-$8,604

Cash Flow


Monthly Yearly
Net operating income:
$975 $11,700
Mortgage payments:
-$1,050 -$12,600
Cash flow:
$75 $900