Furnished Short-Term Rental
For Sale
$404,900
3151 SUNSET WALK DR #208, Kissimmee, FL 34747
Second-floor vacation condo with resort amenities, shuttle service, and access to dining and entertainment at Sunset Walk.
Property Size1,113 SF
Days on Market358
Property Features for 3151 SUNSET WALK DR #208
General Information
Standard status
Active
Size
1,113 SF
Property subtype
Condo - Hotel
Additional Details
Furnished
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,784
Amenities
pool
fitness center
restaurant
shuttle service
laundry facility
balcony
Building Details
Building Size
1,113 SF
Year Built
2023
Listing Agency:
EXP REALTY LLC
Listed By:
Suzanne Docobo · License #3338251
(954) 304-4932
Source:
Kingofrealestate
Added: Oct 5, 2025
Changed: Sep 25
Last Checked: Sep 26 at 3:19PM
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 second-floor condominium at The Embassy Suites by Hilton Orlando Sunset Walk offers two bedrooms, two bathrooms, and a private balcony. The residence includes an open living and dining area, along with a kitchenette equipped with a refrigerator, microwave, sink, and storage. The bathroom features a walk-in shower.
Building 1 contains the main lobby, restaurant, breakfast and reception areas, lobby bar, gym, and laundry facility. Resort amenities include a lagoon-style pool with splash pad, hot tub, cabanas, 24-hour fitness center, poolside bar, on-site restaurant, and evening cocktail receptions. Shuttle service is included to Walt Disney World, Universal, and SeaWorld, while the Sunset Walk promenade provides walking access to dining, shopping, live entertainment, and a dine-in cinema. HOA coverage includes utilities, internet, and resort access. Built in 2023.
Building 1 contains the main lobby, restaurant, breakfast and reception areas, lobby bar, gym, and laundry facility. Resort amenities include a lagoon-style pool with splash pad, hot tub, cabanas, 24-hour fitness center, poolside bar, on-site restaurant, and evening cocktail receptions. Shuttle service is included to Walt Disney World, Universal, and SeaWorld, while the Sunset Walk promenade provides walking access to dining, shopping, live entertainment, and a dine-in cinema. HOA coverage includes utilities, internet, and resort access. Built in 2023.
Key Highlights
- Two‑bedroom, two‑bathroom condo with a private balcony
- Fully furnished second‑floor residence in Building 1
- Kitchenette includes refrigerator, microwave, sink, and storage
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
$13,668
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
3.38%
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%
$273,360
$273.4K
Cap Rate 7%
$195,257
$195.3K
Cap Rate 9%
$151,867
$151.9K
Market Conditions
NOI Build-Up for 1,113 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
$26.6K $23.88/SF
− Vacancy
−$1.7K −$1.55/SF
EGI
$24.9K $22.33/SF
− OpEx
−$11.2K −$10.05/SF
NOI
$13.7K $12.28/SF
Area
Osceola County, FL
Vacancy
6.50%
Lease Rate
$23.88 /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%
$273,360
Cap Rate 7%
$195,257
Cap Rate 9%
$151,867
Alternative Uses
Best Use
Apartment 5plus
$195.3K
$170.9K – $227.8K
NOI $13,668 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$344.2K
$301.1K – $401.5K
NOI $24,091 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 34747, FL
26,560
Population
22,016
Households
1.2
Avg Household Size
38
Median Age
48%
College-Educated
96%
High-School Grad
43.4 sq mi
ZIP Area
612
Density / Sq Mi
$83,141
Median Household Income
$41,932
Median Earnings
$1,812
Median Rent
$455,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Second-floor vacation condo with resort amenities, shuttle service, and access to dining and entertainment at Sunset Walk.
Where is this short term rental property located?
The property is located at 3151 SUNSET WALK DR #208 Kissimmee, FL.
What is the asking price?
The asking price for this property is $404,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condo with a private balcony; Fully furnished second‑floor residence in Building 1; Kitchenette includes refrigerator, microwave, sink, and storage
