Furnished Short-Term Rental
New
For Sale
$130,000
6165 CARRIER DRIVE #2113, Orlando, FL 32819
The unit includes furnishings and offers owner-managed rentals or participation in an on-site rental program.
Property Size425 SF
Price / SF$305.88
Days on Market5
Property Features for 6165 CARRIER DRIVE #2113
General Information
Standard status
Active
Size
425 SF
Property subtype
Condo - Hotel
Amenities
0.24 acres
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 25-23-28-4984-02-113, Public Survey Range: 28, Public Survey Section: 25, Annual Amount: $2,039, Tax Block: 2, Tax Book Number: 13-89, Legal Description: ENCLAVE AT ORLANDO CONDO CB 13/89 UNIT 2113, Lot: 113, Year: 2025, Zoning: C-2
Ceramic Tile
Central Air
Central
Common Area
Listing ID: MFRO6444830, Standard Status: Active, MLS Status: Active, Property Subtype: Condo - Hotel, On market as of 2026-09-28, 1 day on market, Special Conditions: None
1 total bedroom
Built in 1986, Living area: 425, Living area units: Square Feet, Building faces South, 10 stories, Levels: One, Construction Materials: Stucco
Subdivision: ENCLAVE AT ORLANDO PH 02, MLS Area (Major): 32819 - Orlando/Bay Hill/Sand Lake, County/Parish: Orange
1 total bathroom, 1 full bathroom
Fitness Center, Playground, Pool, Tennis Court(s)
Electricity Connected, Water Connected, Water Source: Public
Slab
Allowed: No
Road Surface: Asphalt
Lighting, Tennis Court(s)
Open Floorplan
Dishwasher, Microwave, Range, Refrigerator
Association Fee: $594, Fee Frequency: Monthly
Building Details
Year Built
1986
Listing Agency:
ORLANDO BROTHERS REAL ESTATE LLC
(407) 925-2221
Listed By:
Iluska Kruse · License #3089586
(407) 512-1008
Source:
Miharaandassociates
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 1 at 11:48AM
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 ORLANDO BROTHERS REAL ESTATE LLC
Investment Insights
Based on property information with market context.
This furnished condo-hotel unit was built in 1986 and has a stated property size of 425. Rental management can be handled by the owner or through the on-site program.
The Orlando property is near International Drive, SeaWorld, Universal, and the convention center. Shared amenities include indoor and outdoor pools, two hot tubs, lighted tennis courts, a fitness center, and a playground.
The Orlando property is near International Drive, SeaWorld, Universal, and the convention center. Shared amenities include indoor and outdoor pools, two hot tubs, lighted tennis courts, a fitness center, and a playground.
Key Highlights
- Furnished condo‑hotel unit with a stated property size of 425
- Owners may manage rentals or use the on‑site rental program
- Near International Drive, SeaWorld, Universal, and the convention center
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
$5,508
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
4.24%
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%
$110,160
$110.2K
Cap Rate 7%
$78,686
$78.7K
Cap Rate 9%
$61,200
$61.2K
Market Conditions
NOI Build-Up for 425 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
$10.7K $25.20/SF
− Vacancy
−$696 −$1.64/SF
EGI
$10.0K $23.56/SF
− OpEx
−$4.5K −$10.60/SF
NOI
$5.5K $12.96/SF
Area
Orlando, FL
Vacancy
6.50%
Lease Rate
$25.20 /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%
$110,160
Cap Rate 7%
$78,686
Cap Rate 9%
$61,200
Alternative Uses
Best Use
Apartment 5plus
$78.7K
$68.9K – $91.8K
NOI $5,508 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$136.9K
$119.8K – $159.7K
NOI $9,584 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,783
Businesses Nearby
Explore this area
Business Placement
Demographics for 32819, FL
30,857
Population
14,689
Households
2.1
Avg Household Size
40
Median Age
51%
College-Educated
92%
High-School Grad
20.7 sq mi
ZIP Area
1,491
Density / Sq Mi
$94,386
Median Household Income
$47,166
Median Earnings
$1,947
Median Rent
$454,000
Median Home Value
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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 - The unit includes furnishings and offers owner-managed rentals or participation in an on-site rental program.
Where is this short term rental property located?
The property is located at 6165 CARRIER DRIVE #2113 Orlando, FL.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Furnished condo‑hotel unit with a stated property size of 425; Owners may manage rentals or use the on‑site rental program; Near International Drive, SeaWorld, Universal, and the convention center
