Furnished Studio Income
New
For Sale
$63,000
43420 HIGHWAY 27 #320, Davenport, FL 33837
Updated condominium with pool views, included furnishings, and community amenities near shopping, dining, and major Central Florida routes.
Property Size300 SF
Price / SF$210
Days on Market7
Property Features for 43420 HIGHWAY 27 #320
General Information
Standard status
Active
Size
300 SF
Property subtype
Condo - Hotel
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
studio
Multifamily Units
1
Additional Details
Furnished
Yes
HOA Fee
$242
Amenities
pool
laundry facilities
gazebo
green spaces
parking
Building Details
Year Built
1999
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Ariel Vargas · License #3262518
Source:
Endlesssummerrealty
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 9 at 5:07AM
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 studio condominium has an updated interior, an open layout, and views of the community swimming pool. A pathway outside the unit leads directly to the pool area. The property was built in 1999, and furnishings are included with the sale. Laundry facilities are located in the same building, with additional community features including a gazebo, maintained green spaces, and on-site parking.
The condominium is at 43420 Highway 27 #320 in Davenport, directly across from Posner Park Shopping Center. Nearby conveniences include restaurants, retailers, grocery stores, medical facilities, entertainment, and an IMAX theater. Access to US-27 and Interstate 4 connects the property with Walt Disney World, Orlando, Tampa, and other Central Florida destinations. The HOA includes electricity, water, sewer, and trash.
The condominium is at 43420 Highway 27 #320 in Davenport, directly across from Posner Park Shopping Center. Nearby conveniences include restaurants, retailers, grocery stores, medical facilities, entertainment, and an IMAX theater. Access to US-27 and Interstate 4 connects the property with Walt Disney World, Orlando, Tampa, and other Central Florida destinations. The HOA includes electricity, water, sewer, and trash.
Key Highlights
- Fully furnished, updated studio condominium with pool views
- 300 square feet
- Built in 1999
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
$2,842
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
4.51%
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%
$56,840
$56.8K
Cap Rate 7%
$40,600
$40.6K
Cap Rate 9%
$31,578
$31.6K
Market Conditions
NOI Build-Up for 300 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
$5.5K $18.36/SF
− Vacancy
−$341 −$1.14/SF
EGI
$5.2K $17.22/SF
− OpEx
−$2.3K −$7.75/SF
NOI
$2.8K $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%
$56,840
Cap Rate 7%
$40,600
Cap Rate 9%
$31,578
Alternative Uses
Best Use
Apartment 5plus
$40.6K
$35.5K – $47.4K
NOI $2,842 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$72.1K
$63.1K – $84.1K
NOI $5,046 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
410
Businesses Nearby
Explore this area
Business Placement
Demographics for 33837, FL
36,302
Population
19,082
Households
1.9
Avg Household Size
40
Median Age
27%
College-Educated
90%
High-School Grad
51.3 sq mi
ZIP Area
708
Density / Sq Mi
$75,861
Median Household Income
$39,246
Median Earnings
$1,739
Median Rent
$297,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condominium with pool views, included furnishings, and community amenities near shopping, dining, and major Central Florida routes.
Where is this residential income property located?
The property is located at 43420 HIGHWAY 27 #320 Davenport, FL.
What is the asking price?
The asking price for this property is $63,000.
What are key features of this property?
This property features: Fully furnished, updated studio condominium with pool views; 300 square feet; Built in 1999
