Turnkey Income-Producing Townhome Near Theme
1987 MAJORCA DRIVE Kissimmee, FL 34747
1987 MAJORCA DRIVE, Kissimmee, FL, 34747
$444,900
For Sale
$444,900
Fully furnished 4-bedroom townhome in Windsor at Westside community.
Property Size2,263 SF
Lot Size0.07 Acres
Price / SF$196.60
Days on Market676
Property Features for 1987 MAJORCA DRIVE
General Information
- Standard status
- Active
- Size
- 2,263 SF
- Lot size
- 0.07 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2016
Listing Agency
EXP REALTY LLC
(770) 355-9149
Listed by
Elliott Hunt · License #3564335
(770) 355-9149
Source
Exitrealty
Added: Sep 12, 2024 Checked: Jul 19 at 4:57 am
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 EXP REALTY LLC
Investment Insights
Based on property information with market context.
This fully furnished, turnkey townhome features 4 bedrooms and 3.5 bathrooms. Located in Windsor at Westside, it is situated minutes away from major theme parks. The first floor includes a private king-sized bedroom with a full bathroom. The open-concept design integrates a modern kitchen, complete with granite countertops, stainless steel appliances, and a spacious island, with a bright living room that overlooks the private pool. Adjacent to the living area is a covered lanai with an additional half bathroom. Upstairs, a versatile loft enhances the living space, accompanied by 3 additional bedrooms and 2 full bathrooms. One bedroom features Mickey & Minnie themed decor. A detached garage provides options for parking and storage, and can be converted into a game room or theater. The monthly HOA covers cable, internet, trash removal, and lawn care, while also providing access to resort-style amenities. These amenities include a clubhouse with an arcade, sports courts, a lazy river, a splash zone, a pool, a hot tub, a gym, and the Tu Casa Tiki Bar. The property is 2263 square feet and is suitable as a short term rental, multifamily property, or residential income property. This property is an investment opportunity and offers potential for income production.
Key Highlights
- Proven income‑producing property in top Kissimmee community (Windsor at Westside).
- Fully furnished, turnkey 4‑bedroom, 3.5‑bath home, ready for immediate rental or personal use.
- Resort‑style amenities included: clubhouse, arcade, sports courts, lazy river, splash zone, pool, hot tub, gym, and Tiki Bar.
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 | $41.5k | $18.36 |
| − Vacancy | −$2.6k | −$1.14 |
| EGI | $39.0k | $17.22 |
| − OpEx | −$17.5k | −$7.75 |
| NOI | $21.4k | $9.47 |
2,263 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$306.2K
$267.9K – $357.3K
NOI $21,435 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$543.8K
$475.8K – $634.5K
NOI $38,067 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Short term rental ...
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FAQs
What type of property is this?
Short term rental property - Fully furnished 4-bedroom townhome in Windsor at Westside community.
Where is this short term rental property located?
The property is located at 1987 MAJORCA DRIVE Kissimmee, FL.
What is the asking price?
The asking price for this property is $444,900.
What are key features of this property?
This property features: Proven income‑producing property in top Kissimmee community (Windsor at Westside).; **Fully furnished, turnkey 4‑bedroom, 3.5‑bath home, ready for immediate rental or personal use.**; Resort‑style amenities included: clubhouse, arcade, sports courts, lazy river, splash zone, pool, hot tub, gym, and Tiki Bar.
