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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$119,000

For Sale - Active
942 Lake Destiny Rd Unit B, Altamonte Springs, FL 32714
1 Bed
1 Bath
625 Square Feet
0.01 Acres Lot
Built in 1973
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Aug 07, 2025 at 06:29AM

Investment Summary


Monthly Cash Flow
-$207
Cap Rate
4.1%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.8%

Property Description


0.01 Acres Lot
Built in 1973
For Sale - Active
Units n/a

Pristine 1BR/1BA Condo in a Prime Central Florida Location! This move-in-ready condo is perfect as a primary residence, rental investment, or weekend retreat. Recently updated, it features a stylish kitchen with stainless steel appliances, modern cabinetry, and a brand-new electrical panel. The bathroom includes a freshly upgraded vanity, and the entire unit has been painted—including doors and trim—for a crisp, clean feel. You'll love the easy-maintenance tile flooring throughout and the fact that this home has been lovingly maintained by a non-smoking owner with no pets and no prior tenants since renovation. Just steps from two sparkling community pools, and with access to a private boat ramp, fishing, and water-skiing, this home offers an unbeatable Florida lifestyle. Assigned parking and plenty of guest spaces add everyday convenience. Enjoy quick access to I-4, Altamonte Mall, Cranes Roost Park, supermarkets, restaurants, and the RDV Sportsplex. Call your Realtor today—whether you're looking to relax, invest, or simplify, this updated condo is ready to welcome you home!

Build Your Team


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

Avatar
Avatar
Avatar

Agents

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

Find an Agent
Avatar
Avatar
Avatar

Lenders

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

Find a Lender
Avatar
Avatar
Avatar

Property Managers

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

Find a Property Manager
Avatar
Avatar
Avatar

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

  • Details: Assigned, Common
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 1.0

Interior Features

  • # of Rooms: 4
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: ODIN
  • HOA Fee: $297/monthly

Land Information

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

Lot Information

  • Parcel ID: 2321295150000167B
  • Lot Size: 378 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 1973

Tax Information

  • Annual Tax: $1,538

Utilities

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

Location

  • County: Seminole

Listing Details


Listed by:
Shaun Reed
KELLER WILLIAMS CLASSIC
(407) 617-4899

Source:
Stellar MLS
MLS#: O6332897
Stellar MLS

Investment Summary


Monthly Cash Flow
-$207
Cap Rate
4.1%
Cash-on-Cash Return
-9.1%
Debt Coverage Ratio
0.66
Internal Rate of Return (5 years)
-4.8%

Purchase Details

Find an Agent

Purchase price:
$119,000
Amount financed:
-$95,200
Down payment:
$23,800
Closing costs:
$3,570
Rehab costs:
$0
Initial cash invested:
$27,370
Square feet:
625
Cost per square foot:
$190
Monthly rent per square foot:
$1.92

Financing Details

Find a Lender

Loan amount:
$95,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$610
Property tax:
$128
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$822

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$128-$1,538
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (25%)
25%-$297-$3,564
Total operating expenses: (60%)
60%-$725-$8,702

Cash Flow


Monthly Yearly
Net operating income:
$403 $4,836
Mortgage payments:
-$610 -$7,320
Cash flow:
$207 $2,484