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$184,500

For Sale - Active
627 Dory Ln Unit 304, Altamonte Springs, FL 32714
2 Beds
2 Baths
1,019 Square Feet
0.00 Acres Lot
Built in 1987
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 13, 2025 at 03:05AM

Investment Summary


Monthly Cash Flow
-$471
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


0.00 Acres Lot
Built in 1987
For Sale - Active
Units n/a

Welcome to this beautifully maintained condo in the heart of Altamonte Springsa''move-in ready and full of potential! Bright and spacious with a walk in closet and roomy porch. Whether you're a first-time homebuyer or an investor, this is an exceptional opportunity. Schedule your private showing today!

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Location


Property Details


Parking

  • Details: Assigned, Guest
  • 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 Stories: 3

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Type: Gable

HOA

  • Has HOA: Yes
  • Association: THE LANDING CONDOMINIUM
  • HOA Fee: $415/monthly

Land Information

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

Lot Information

  • Parcel ID: 09212952113003040
  • Lot Size: 0 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1987

Tax Information

  • Annual Tax: $2,583

Utilities

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

Location

  • County: Seminole

Listing Details


Listed by:
Jeidymer Carolina Pacheco Solarte
Antorcha Real Estate Group LLC
(786) 803-2143

Source:
BeachesMLS
MLS#: R11091443
BeachesMLS

Investment Summary


Monthly Cash Flow
-$471
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:
$184,500
Amount financed:
-$147,600
Down payment:
$36,900
Closing costs:
$5,535
Rehab costs:
$0
Initial cash invested:
$42,435
Square feet:
1,019
Cost per square foot:
$181
Monthly rent per square foot:
$1.57

Financing Details

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Loan amount:
$147,600
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$945
Property tax:
$215
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,272

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$215-$2,583
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (26%)
26%-$415-$4,980
Total operating expenses: (64%)
64%-$1,030-$12,363

Cash Flow


Monthly Yearly
Net operating income:
$474 $5,688
Mortgage payments:
-$945 -$11,340
Cash flow:
$471 $5,652