First Floor Condo Near
140 ORCHID WOODS COURT 11A Deltona, FL 32725
140 ORCHID WOODS COURT 11A, Deltona, FL, 32725
$145,000
Pending
For Sale
$145,000
Pending
2-bedroom, 2-bathroom condo with new flooring and community amenities.
Property Size897 SF
Lot Size14.07 Acres
Days on Market642
Property Features for 140 ORCHID WOODS COURT 11A
General Information
- Standard status
- Pending
- Size
- 897 SF
- Lot size
- 14.07 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1979
Listing agency
KELLER WILLIAMS HERITAGE REALTY
(407) 535-8646
Listed by
Candiss Lunsford · License #3314769
(407) 535-8646
Source
Exitrealty
Added: Oct 18, 2024 Updated: Jul 6 at 12:18PM Checked: Apr 6 at 1:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS HERITAGE REALTY
Investment Insights
Based on property information with market context.
This first-floor condo, located near Lake Monroe, features 2 bedrooms and 2 bathrooms. The property includes new vinyl flooring throughout, with no carpet. A newer A/C unit is installed. The open floor plan is designed for both relaxation and entertaining, creating an atmosphere filled with natural light. The condo has a spacious screened back porch and no rear neighbors. Nature trails surrounding Lake Monroe are steps away. Community amenities include a pool and tennis courts. A Publix supermarket is less than a minute away, and I-4 is under 5 minutes away.
Key Highlights
- First Floor Condo: Convenient and accessible, eliminating stairs.
- New Vinyl Flooring Throughout: Modern and low‑maintenance.
- Newer A/C: Provides efficient and reliable cooling.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $13.9k | $15.48 |
| − Vacancy | −$1.5k | −$1.63 |
| EGI | $12.4k | $13.85 |
| − OpEx | −$5.6k | −$6.23 |
| NOI | $6.8k | $7.62 |
897 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$97.6K
$85.4K – $113.9K
NOI $6,835 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$264.5K
$231.4K – $308.6K
NOI $18,514 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - 2-bedroom, 2-bathroom condo with new flooring and community amenities.
Where is this residential income property located?
The property is located at 140 ORCHID WOODS COURT 11A Deltona, FL.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: First Floor Condo: Convenient and accessible, eliminating stairs.; New Vinyl Flooring Throughout: Modern and low‑maintenance.; Newer A/C: Provides efficient and reliable cooling.
