Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Photo
Photo
Photo
Photo
See all photos

$189,900

For Sale - Active
870 Regatta Bay Dr Unit 4-103, Orange City, FL 32763
3 Beds
2 Baths
1,046 Square Feet
13.52 Acres Lot
Built in 2007
For Sale - Active
1 Units
Checked: 1 day ago
Updated: May 29, 2025 at 03:52AM

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$83
Cap Rate
6.8%
Cash-on-Cash Return
2.3%
Debt Coverage Ratio
1.08
Internal Rate of Return (5 years)
6.2%

Property Description


13.52 Acres Lot
Built in 2007
For Sale - Active
1 Units

INVESTOR ALERT! Priced below market. Great value for this well-maintained 3 Bedroom, 2 Bath first-floor condo in the desirable gated community of Enterprise Cove. Features include: spacious open floor plan, granite countertops, stainless steel appliances, ample cabinet space, inside laundry, lots of storage, split plan offering extra privacy and convenience, master suite with walk-in closet, assigned parking & MORE! Community amenities include gated entrance, swimming pool, playground, picnic area, car care area and more. Conveniently located just minutes from shopping, restaurants, and easy access to I-4 for all area attractions. Great opportunity for Owner/Investor. CALL NOW! SEE IT TODAY!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • 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: 6
  • # of Stories: 2

Exterior Features

  • Foundation: Slab
  • Roof Material: Shingle

HOA

  • Association: Enterprise Cove Condo Assoc

Land Information

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

Lot Information

  • Parcel ID: 802621041030
  • Lot Size: 588751 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2007

Tax Information

  • Annual Tax: $246

Utilities

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

Location

  • County: Volusia

Listing Details


Listed by:
Doug Woehr, PA
COLDWELL BANKER RESIDENTIAL RE
(407) 647-1211

Source:
Stellar MLS
MLS#: O6274747
Stellar MLS

Investment Summary


Potential Missing Expenses

We noticed that HOA fees are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
$83
Cap Rate
6.8%
Cash-on-Cash Return
2.3%
Debt Coverage Ratio
1.08
Internal Rate of Return (5 years)
6.2%

Purchase Details

Find an Agent

Purchase price:
$189,900
Amount financed:
-$151,920
Down payment:
$37,980
Closing costs:
$5,697
Rehab costs:
$0
Initial cash invested:
$43,677
Square feet:
1,046
Cost per square foot:
$182
Monthly rent per square foot:
$1.53

Financing Details

Find a Lender

Loan amount:
$151,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,000
Property tax:
$21
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,133

Operating Income

Find a Property Manager

% 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: (1%)
1%-$21-$246
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: (n/a)
n/an/an/a
Total operating expenses: (26%)
26%-$421-$5,046

Cash Flow


Monthly Yearly
Net operating income:
$1,083 $12,996
Mortgage payments:
-$1,000 -$12,000
Cash flow:
$83 $996