$164,000
Investment Summary
- Monthly Cash Flow
- -$375
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -11.9%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.6%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
INVESTOR ALERT – TENANT IN PLACE! IMMEDIATE CASH FLOW! This turnkey investment offers rental income from day one! This unit in the highly desirable 24-hour manned-gated CHARLES TOWNE at Park Central is already rented at $1,500/MONTH with an excellent tenant in place. LEASE EXPIRES 02/17/2026, ensuring no vacancy concerns and a smooth, hassle-free investment. WELL-MAINTAINED, UPGRADED & MOVE-IN READY! * NO CARPET – Super clean unit, well-kept by tenant. * Spacious layout with high ceilings and a screened balcony for added comfort. * Large walk-in closet upon entry—tenant currently using it as an office space, offering great flexibility. * Updated dual-access bathroom—entry from both the bedroom and living area for convenience. * In-unit laundry room with washer and dryer. RECENT UPGRADES – LOW MAINTENANCE COSTS! * Brand-new water heater and two new main water shut-off valves installed—ensuring long-term reliability. * New thermostat and blinds installed. * AC system recently serviced, including a full evaporator coil cleaning—maximizing efficiency and longevity. RESORT-STYLE AMENITIES – HIGHLY SOUGHT-AFTER COMMUNITY! * Five swimming pools and hot tub – One just steps from the unit, behind the building. * Huge fitness center – Includes dry sauna and complimentary fitness classes for residents. * Tennis and sand volleyball courts * Indoor basketball court – Highly popular among residents. * Poolside restaurant and pizzeria plus on-site convenience store * Walking trails, lakeside boardwalk, and serene ponds * Two car care centers * 24-hour manned-gated * 24-hour security and two gated entrances * On-site friendly management * HOA covers water, sewer, pest control, and valet trash service * Note: State MILESTONE AND STRUCTURAL INTEGRITY RESERVE STUDY INSPECTIONS COMPLETED BY THE HOA!! NO SPECIAL ASSESSMENT!! AND EXCITING NEWS! PAINTING PROJECT OF CHARLES TOWNE HAS STARTED 02/19/25 AND THAT WILL INCLUDE BUILDINGS, DOORS, HANDRAILS AND ALL PATIOS, CLUBHOUSE. PRIME LOCATION – STRONG RENTAL DEMAND! * Publix Supermarket at the community entrance * 10 min from the NEW Universal Epic Universe Park set to open in May 2025 * Two minutes to Mall at Millenia * Ten minutes to Universal Parks * Twenty minutes to Disney and SeaWorld * Easy access to I-4, 408, and Turnpike TURNKEY INVESTMENT WITH A RELIABLE TENANT – LOW-MAINTENANCE, CASH-FLOWING PROPERTY! A well-maintained unit in a prime location with a solid tenant already in place—the perfect addition to any investor’s portfolio. Don’t miss this opportunity—schedule your private showing today! ***MORE UNITS AVAILABLE! The owner has 4 additional condos for sale in Park Central all with excellent tenants in place.***Ask the agent for more information.
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Location
Property Details
Parking
- Garage Spaces: 0
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 1
Bathroom Information
- # of Baths (Full): 1
- # of Baths (Total): 1.0
Interior Features
- # of Rooms: 4
- # of Stories: 3
Exterior Features
- Exterior Walls Materials: Wood
- Foundation: Slab
- Roof Material: Shingle
HOA
- Has HOA: Yes
- Association: Maria D. Loffredo | LCAM, GENERAL MANAGER - PARK C
- HOA Fee: $361/monthly
Land Information
- Land Use: Residential
- Land Use Subtype: Condominium Unit
Lot Information
- Parcel ID: 162329001501932
- Lot Size: 9788 sqft
Property Information
- Property Type: Condominium
- Year Built: 1997
Tax Information
- Annual Tax: $2,299
Utilities
- Water & Sewer: Public
- Heating: Central, Electric
- Cooling: Central Air
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$375
- Cap Rate
- 3.5%
- Cash-on-Cash Return
- -11.9%
- Debt Coverage Ratio
- 0.56
- Internal Rate of Return (5 years)
- -7.6%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $164,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$131,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $32,800 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $4,920 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $37,720 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 829 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $198 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.81 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $131,200 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.810% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $856 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $192 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $105 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $1,153 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $1,500 | $18,000 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$90 | -$1,080 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $1,410 | $16,920 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 13% | -$192 | -$2,299 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$105 | -$1,260 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$120 | -$1,440 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$75 | -$900 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$75 | -$900 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 24% | -$362 | -$4,344 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 62% | -$929 | -$11,143 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $481 | $5,772 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$856 | -$10,272 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | $375 | $4,500 |