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$650,000

For Sale - Active
2600 Pisces Dr, Orlando, FL 32837
3 Beds
2 Baths
1,892 Square Feet
0.31 Acres Lot
Built in 1978
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: May 22, 2025 at 04:31PM

Investment Summary


Monthly Cash Flow
-$2,093
Cap Rate
2.3%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.2%

Property Description


0.31 Acres Lot
Built in 1978
For Sale - Active
Units n/a

Experience the Ultimate Florida Living in This Fully Updated Home! This stunning property is not just a home – it's a lifestyle! Located in an unbeatable area with quick access to restaurants, shopping, highways, and theme parks, you’ll be close to all the excitement Florida has in store. Step outside to your private oasis with a beautifully designed outdoor space perfect for relaxation and entertaining. The roof has been recently replaced, ensuring peace of mind for years to come. The custom brick block base fence adds an extra layer of security, privacy, and style. Inside, the updated kitchen is a chef’s dream with a massive island, perfect for cooking and entertaining guests. The main bathroom has been tastefully remodeled with refined finishes and a top-of-the-line jacuzzi for ultimate relaxation. But the true gem of this property is the backyard – a haven for grilling enthusiasts. The custom-built brick grill is ready for all your culinary creations, making it the perfect spot for outdoor gatherings. There’s too much to love about this property – you need to see it in person to fully appreciate everything. Don’t wait, schedule your appointment today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • 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: 1

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Leland Management
  • HOA Fee: $314/annually

Land Information

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

Lot Information

  • Parcel ID: 162429811403400
  • Lot Size: 13291 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1978

Tax Information

  • Annual Tax: $5,540

Utilities

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

Location

  • County: Orange

Listing Details


Listed by:
Marcus Correa, PA
OLYMPUS EXECUTIVE REALTY INC
(407) 952-4470

Source:
Stellar MLS
MLS#: G5095190
Stellar MLS

Investment Summary


Monthly Cash Flow
-$2,093
Cap Rate
2.3%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.2%

Purchase Details

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Purchase price:
$650,000
Amount financed:
-$520,000
Down payment:
$130,000
Closing costs:
$19,500
Rehab costs:
$0
Initial cash invested:
$149,500
Square feet:
1,892
Cost per square foot:
$344
Monthly rent per square foot:
$1.32

Financing Details

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Loan amount:
$520,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,330
Property tax:
$462
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,967

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$462-$5,540
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (1%)
1%-$26-$312
Total operating expenses: (45%)
45%-$1,113-$13,352

Cash Flow


Monthly Yearly
Net operating income:
$1,237 $14,844
Mortgage payments:
-$3,330 -$39,960
Cash flow:
-$2,093 -$25,116