Turnkey Furnished Residential
For Sale
$349,900
3151 SUNSET WALK DRIVE #116, Kissimmee, FL 34747
Fully furnished unit sold ready for immediate use, with access to community amenities in Kissimmee.
Property Size960 SF
Price / SF$364.48
Days on Market74
Property Features for 3151 SUNSET WALK DRIVE #116
General Information
Standard status
Active
Size
960 SF
Property subtype
Condo - Hotel
Additional Details
Business Included
Yes
Building Details
Year Built
2023
Listing Agency:
VYLLA HOME
(407) 377-5900
Listed By:
Amanda Lindsey · License #3147831
Source:
Dennisrealty
Added: Jul 15
Changed: Sep 24
Last Checked: Sep 24 at 8:41AM
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 VYLLA HOME
Investment Insights
Based on property information with market context.
Welcome to 3151 Sunset Walk Drive #116, a fully furnished residential unit designed with contemporary décor and stylish finishes. The property is described as turnkey and move-in ready, with furnishings included and intended for immediate enjoyment as a primary residence, vacation home, or investment opportunity.
Located in Kissimmee, the home is positioned just minutes from major Central Florida attractions, including Walt Disney World and Universal Orlando Resort, along with shopping, dining, and nearby golf courses.
The listing also notes access to a range of community amenities intended for relaxation and recreation. As presented, this is an income-capable, furnished unit with convenient access to popular destinations and everyday needs.
Located in Kissimmee, the home is positioned just minutes from major Central Florida attractions, including Walt Disney World and Universal Orlando Resort, along with shopping, dining, and nearby golf courses.
The listing also notes access to a range of community amenities intended for relaxation and recreation. As presented, this is an income-capable, furnished unit with convenient access to popular destinations and everyday needs.
Key Highlights
- Year built: 2023
- Fully furnished unit sold and ready for immediate use
- Located in Kissimmee with access to community amenities
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
$11,789
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
3.37%
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%
$235,780
$235.8K
Cap Rate 7%
$168,414
$168.4K
Cap Rate 9%
$130,989
$131.0K
Market Conditions
NOI Build-Up for 960 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
$22.9K $23.88/SF
− Vacancy
−$1.5K −$1.55/SF
EGI
$21.4K $22.33/SF
− OpEx
−$9.6K −$10.05/SF
NOI
$11.8K $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%
$235,780
Cap Rate 7%
$168,414
Cap Rate 9%
$130,989
Alternative Uses
Best Use
Apartment 5plus
$168.4K
$147.4K – $196.5K
NOI $11,789 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$296.8K
$259.7K – $346.3K
NOI $20,779 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Fully furnished unit sold ready for immediate use, with access to community amenities in Kissimmee.
Where is this short term rental property located?
The property is located at 3151 SUNSET WALK DRIVE #116 Kissimmee, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Year built: 2023; Fully furnished unit sold and ready for immediate use; Located in Kissimmee with access to community amenities
