Updated Residential Income
For Sale
$265,000
2448 SUMMERFIELD WAY, Kissimmee, FL 34741
Turnkey condo near Central Florida attractions, major highways, dining, shopping, and Orlando International Airport.
Property Size1,265 SF
Price / SF$209.49
Days on Market27
Property Features for 2448 SUMMERFIELD WAY
General Information
Standard status
Active
Size
1,265 SF
Property subtype
Condo - Hotel
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Building Details
Year Built
1988
Listing Agency:
LIFESTYLE INTERNATIONAL REALTY
(305) 809-8085
Listed By:
Joshua Torres · License #3457718
(407) 614-8336
Source:
Endlesssummerrealty
Added: Aug 8
Changed: Sep 2
Last Checked: Sep 2 at 5:32PM
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 LIFESTYLE INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This updated condominium includes two bedrooms and two bathrooms within a residential income property in Kissimmee. The interior is described as move-in ready, with updates completed throughout the home. Built in 1988, the property offers a residential format suitable for personal occupancy or portfolio consideration.
The home is positioned for access to Central Florida destinations and transportation routes. Walt Disney World, Universal Studios, SeaWorld, Orlando International Airport, The Loop Mall, dining, and shopping are all identified as nearby destinations. Walk Score is 40, Bike Score is 51, and Transit Score is 33, reflecting a car-dependent setting with some transit and bike access.
The home is positioned for access to Central Florida destinations and transportation routes. Walt Disney World, Universal Studios, SeaWorld, Orlando International Airport, The Loop Mall, dining, and shopping are all identified as nearby destinations. Walk Score is 40, Bike Score is 51, and Transit Score is 33, reflecting a car-dependent setting with some transit and bike access.
Key Highlights
- Two‑bedroom, two‑bathroom condominium
- Updated interior described as move‑in ready
- Built in 1988
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,982
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,640
$239.6K
Cap Rate 7%
$171,171
$171.2K
Cap Rate 9%
$133,133
$133.1K
Market Conditions
NOI Build-Up for 1,265 SF
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.
Gross rent
$23.2K $18.36/SF
− Vacancy
−$1.4K −$1.14/SF
EGI
$21.8K $17.22/SF
− OpEx
−$9.8K −$7.75/SF
NOI
$12.0K $9.47/SF
Area
Polk County, FL
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,640
Cap Rate 7%
$171,171
Cap Rate 9%
$133,133
Alternative Uses
Best Use
Apartment 5plus
$171.2K
$149.8K – $199.7K
NOI $11,982 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$304.0K
$266.0K – $354.7K
NOI $21,279 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 34741, FL
56,454
Population
22,043
Households
2.6
Avg Household Size
35
Median Age
28%
College-Educated
87%
High-School Grad
15.0 sq mi
ZIP Area
3,764
Density / Sq Mi
$50,278
Median Household Income
$30,415
Median Earnings
$1,591
Median Rent
$270,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Turnkey condo near Central Florida attractions, major highways, dining, shopping, and Orlando International Airport.
Where is this residential income property located?
The property is located at 2448 SUMMERFIELD WAY Kissimmee, FL.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium; Updated interior described as move‑in ready; Built in 1988
