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942 Lake Destiny Rd Unit B, Altamonte Springs, FL 32714, US
Copied

$121,900
BiggerPockets estimate

Off Market
942 Lake Destiny Rd Unit B, Altamonte Springs, FL 32714
1 Bed
1 Bath
625 Square Feet
Lot n/a
Built in 1973
Off Market
Units n/a
Checked: 7 months ago
Updated: May 27, 2025 at 10:24AM

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
$76
Cap Rate
6.9%
Cash-on-Cash Return
3.3%
Debt Coverage Ratio
1.12
Internal Rate of Return (5 years)
7.2%

Property Description


Lot n/a
Built in 1973
Off Market
Units n/a

This property is not currently listed for sale or rent on BiggerPockets. The details below may have been provided by the owner, a third party, or public records.

Located at 942 Lake Destiny Rd Unit B, Altamonte Springs, FL (ZIP code 32714) this condominium features 1 bedroom, 1 bathroom and approximately 625 square feet of living space. The property was built in 1973.

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Location


Property Details


Bedroom Information

  • # of Bedrooms: 1

Bathroom Information

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

Interior Features

  • # of Stories: 1

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 2321295150000167B

Property Information

  • Property Type: Condominium
  • Year Built: 1973

Tax Information

  • Annual Tax: $1,538

Utilities

  • Heating: Central
  • Cooling: Central

Location

  • County: Seminole

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
$76
Cap Rate
6.9%
Cash-on-Cash Return
3.3%
Debt Coverage Ratio
1.12
Internal Rate of Return (5 years)
7.2%

Purchase Details

Find an Agent

Purchase price:
$121,900
Amount financed:
-$97,520
Down payment:
$24,380
Closing costs:
$3,657
Rehab costs:
$0
Initial cash invested:
$28,037
Square feet:
625
Cost per square foot:
$195
Monthly rent per square foot:
$1.92

Financing Details

Find a Lender

Loan amount:
$97,520
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$624
Property tax:
$128
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$836

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: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$428-$5,138

Cash Flow


Monthly Yearly
Net operating income:
$700 $8,400
Mortgage payments:
-$624 -$7,488
Cash flow:
$76 $912