Residential Unit in Gated
13953 FAIRWAY ISLAND DRIVE 624 Orlando, FL 32837
For Sale
$215,000
Two-bedroom, two-bathroom unit with golf course views and amenities.
Property Size1,020 SF
Lot Size0.24 Acres
Price / SF$210.78
Days on Market672
Property Features for 13953 FAIRWAY ISLAND DRIVE 624
General Information
- Standard status
- Active
- Size
- 1,020 SF
- Lot size
- 0.24 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1997
Listing Agency:
DON ASHER & ASSOCIATES, INC.
(407) 557-6653
Listed By:
Samantha Hafner · License #3261483
(407) 557-6653
Source:
Exitrealty
Added: Sep 20, 2024
Changed: Jul 10
Last Checked: Jul 22 at 6:13AM
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 DON ASHER & ASSOCIATES, INC.
Investment Insights
Based on property information with market context.
This second-floor residential unit, situated in the gated Audubon community of Hunter's Creek, presents an investment opportunity. The unit features two bedrooms and two bathrooms, complemented by views of the golf course. Included are essential appliances, a washer and dryer, and an exterior storage room. Residents of the Audubon community have access to a range of amenities, such as a community pool, fitness center, tennis courts, playground, and carwash station. The property is located near shopping and dining options, The Loop, local attractions, and major highways. The unit has a size of 1020 square feet.
Key Highlights
- Gated Hunter's Creek community with golf course views.
- Includes all appliances, washer/dryer, and exterior storage.
- 2 bedroom / 2 bathroom unit.
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 | $24.5k | $24.00 |
| − Vacancy | −$1.6k | −$1.56 |
| EGI | $22.9k | $22.44 |
| − OpEx | −$10.3k | −$10.10 |
| NOI | $12.6k | $12.34 |
1,020 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$179.8K
$157.4K – $209.8K
NOI $12,589 @ 7.0% cap · market cap 5.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$299.6K
$262.2K – $349.5K
NOI $20,972 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Compass Bay Kissimee
Condominium Complex
FAQs
What type of property is this?
Residential income property - Two-bedroom, two-bathroom unit with golf course views and amenities.
Where is this residential income property located?
The property is located at 13953 FAIRWAY ISLAND DRIVE 624 Orlando, FL.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Gated Hunter's Creek community with golf course views.; Includes all appliances, washer/dryer, and exterior storage.; 2 bedroom / 2 bathroom unit.
