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$249,000

For Sale - Active
2015 Erving Cir Apt 108, Ocoee, FL 34761
3 Beds
2 Baths
1,234 Square Feet
0.33 Acres Lot
Built in 2001
For Sale - Active
1 Units
Checked: 20 hours ago
Updated: Jun 13, 2025 at 03:23AM

Investment Summary


Monthly Cash Flow
-$551
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.2%

Property Description


0.33 Acres Lot
Built in 2001
For Sale - Active
1 Units

First floor 3 Bed / 2 Bath Corner Unit Condo in the Bordeaux Community Beautiful first floor corner unit! As you enter this 3 bedroom 2 bath condo you will see the spacious open floor plan with plenty of natural light leading to the modern kitchen with new stainless steel appliances. The split floor plan has a spacious primary bedroom on one side and the other two bedrooms on the opposite end of the unit. New A/C installed in 2023. Bordeaux is just minutes from the 429, the Florida Turnpike and the West Oaks Mall and features a clubhouse, pool, spa/hot tub, fitness center, business room, event space, and views of a nature preserve.

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Location


Property Details


Parking

  • Description: Common
  • Details: Common
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 4
  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: First Service Residential / Everett Mitchell
  • HOA Fee: $403/monthly

Land Information

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

Lot Information

  • Parcel ID: 212228082705108
  • Lot Size: 14467 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2001

Tax Information

  • Annual Tax: $3,012

Utilities

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

Location

  • County: Orange

Listing Details


Listed by:
Jeffrey Filegar
VIVA ORLANDO REALTY INC.
(407) 883-1585

Source:
Stellar MLS
MLS#: O6264492
Stellar MLS

Investment Summary


Monthly Cash Flow
-$551
Cap Rate
3.5%
Cash-on-Cash Return
-11.5%
Debt Coverage Ratio
0.57
Internal Rate of Return (5 years)
-7.2%

Purchase Details

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Purchase price:
$249,000
Amount financed:
-$199,200
Down payment:
$49,800
Closing costs:
$7,470
Rehab costs:
$0
Initial cash invested:
$57,270
Square feet:
1,234
Cost per square foot:
$202
Monthly rent per square foot:
$1.62

Financing Details

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Loan amount:
$199,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,276
Property tax:
$251
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,667

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$251-$3,012
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (20%)
20%-$404-$4,848
Total operating expenses: (58%)
58%-$1,155-$13,860

Cash Flow


Monthly Yearly
Net operating income:
$725 $8,700
Mortgage payments:
-$1,276 -$15,312
Cash flow:
-$551 -$6,612