Furnished Two-Bedroom Short-Term
For Sale
$429,000
7593 GATHERING DR #209, Reunion, FL 34747
Two-bath condo with dual balconies, established rental-program participation, and access to community pools, fitness facilities, and dining.
Property Size1,646 SF
Days on Market191
Property Features for 7593 GATHERING DR #209
General Information
Standard status
Active
Size
1,646 SF
Property subtype
Condo - Hotel
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$7,376
Amenities
swimming pools
fitness facilities
walking paths
multiple on-site dining options
Building Details
Building Size
1,646 SF
Year Built
2007
Listing Agency:
REAL BROKER, LLC
(863) 206-5755
Listed By:
Mark Sayad · License #619776
Source:
Kingofrealestate
Added: Feb 10
Changed: Aug 12
Last Checked: Aug 19 at 3:51PM
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 REAL BROKER, LLC
Investment Insights
Based on property information with market context.
This two-bedroom, two-bath condominium was built in 2007 and is offered fully furnished. The residence features an open living arrangement, hardwood flooring in the bedrooms, updated lighting and décor, and two balconies that provide separate outdoor gathering areas. It is currently operating within a short-term rental program, supporting continued use for vacation stays or personal occupancy.
Community amenities include swimming pools, fitness facilities, walking paths, and multiple on-site dining options. The property is a short drive from Walt Disney World, other major theme parks, shopping centers, golf courses, restaurants, and major highways serving the Orlando area.
Community amenities include swimming pools, fitness facilities, walking paths, and multiple on-site dining options. The property is a short drive from Walt Disney World, other major theme parks, shopping centers, golf courses, restaurants, and major highways serving the Orlando area.
Key Highlights
- Two‑bedroom, two‑bath condominium built in 2007
- Fully furnished residence with hardwood bedroom flooring
- Dual balconies create two separate outdoor gathering areas
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
$20,213
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
4.71%
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%
$404,260
$404.3K
Cap Rate 7%
$288,757
$288.8K
Cap Rate 9%
$224,589
$224.6K
Market Conditions
NOI Build-Up for 1,646 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
$39.3K $23.88/SF
− Vacancy
−$2.6K −$1.55/SF
EGI
$36.8K $22.33/SF
− OpEx
−$16.5K −$10.05/SF
NOI
$20.2K $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%
$404,260
Cap Rate 7%
$288,757
Cap Rate 9%
$224,589
Alternative Uses
Best Use
Apartment 5plus
$288.8K
$252.7K – $336.9K
NOI $20,213 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$509.0K
$445.4K – $593.8K
NOI $35,628 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
181
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Two-bath condo with dual balconies, established rental-program participation, and access to community pools, fitness facilities, and dining.
Where is this short term rental property located?
The property is located at 7593 GATHERING DR #209 Reunion, FL.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium built in 2007; Fully furnished residence with hardwood bedroom flooring; Dual balconies create two separate outdoor gathering areas
