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$389,000

For Sale - Active
486 Windmill Palm Cir, Altamonte Springs, FL 32701
3 Beds
4 Baths
1,924 Square Feet
0.02 Acres Lot
Built in 2015
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 27, 2025 at 03:53AM

Investment Summary


Monthly Cash Flow
-$991
Cap Rate
3.1%
Cash-on-Cash Return
-13.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.9%

Property Description


0.02 Acres Lot
Built in 2015
For Sale - Active
Units n/a

Discover upscale, low-maintenance living in this stunning, tree-story townhome with a 2-car garage and premium upgrades. Conveniently situated near Altamonte Mall, Publix, and top dining and entertainment. Step inside to find soaring 10’ ceilings and elegant 8’ doors that enhance the spacious feel. The gourmet kitchen is a chef’s dream, featuring 42” designer espresso cabinets with crown molding, granite countertops, a mosaic tile backsplash, a breakfast bar, and stainless steel appliances—including a refrigerator, stove, microwave, and dishwasher. The open-concept living and dining area boasts ceramic flooring and leads to a private balcony, perfect for unwinding after a long day. The luxurious primary suite upstairs offers a beautifully upgraded walk-in closet and bathroom with double vanities and an oversized walk-in shower. Resort-style community amenities: Oversized swimming pool, cabana, fire pit, and playground Prime location with easy access to I-4 & SR 436. This home is priced to sell, offering the best value in the area! Don’t miss this opportunity—schedule your private showing 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): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 3

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Block
  • Roof Type: IRR/Cathedral
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Jodi Brown
  • HOA Fee: $1,178/quarterly

Land Information

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

Lot Information

  • Parcel ID: 13212954200000490
  • Lot Size: 1063 sqft

Property Information

  • Property Type: Townhouse
  • Year Built: 2015

Tax Information

  • Annual Tax: $3,963

Utilities

  • Water & Sewer: None
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Seminole

Listing Details


Listed by:
Militza Kousseva
CHARLES RUTENBERG REALTY ORLANDO
(321) 945-8519

Source:
Stellar MLS
MLS#: O6278578
Stellar MLS

Investment Summary


Monthly Cash Flow
-$991
Cap Rate
3.1%
Cash-on-Cash Return
-13.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-8.9%

Purchase Details

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Purchase price:
$389,000
Amount financed:
-$311,200
Down payment:
$77,800
Closing costs:
$11,670
Rehab costs:
$0
Initial cash invested:
$89,470
Square feet:
1,924
Cost per square foot:
$202
Monthly rent per square foot:
$1.30

Financing Details

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Loan amount:
$311,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,993
Property tax:
$330
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,498

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: (13%)
13%-$330-$3,964
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: (16%)
16%-$393-$4,716
Total operating expenses: (54%)
54%-$1,348-$16,180

Cash Flow


Monthly Yearly
Net operating income:
$1,002 $12,024
Mortgage payments:
-$1,993 -$23,916
Cash flow:
$991 $11,892