Furnished Short-Term Rental
For Sale
$142,000
7601 CANADA AVE #221, Orlando, FL 32819
One-bedroom condo-hotel unit with a complete kitchen, resort amenities, and short-term rental authorization.
Property Size542 SF
Days on Market203
Property Features for 7601 CANADA AVE #221
General Information
Standard status
Active
Size
542 SF
Property subtype
Condo - Hotel
Taxes and HOA fees
Annual Taxes
$1,620
Building Details
Building Size
542 SF
Year Built
1999
Listing Agency:
M2M REALTY
(407) 401-2275
Listed By:
Mariana Micheti · License #3417166
Source:
Novaorlando
Added: Feb 9
Changed: Aug 30
Last Checked: Aug 30 at 6:05PM
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 M2M REALTY
Investment Insights
Based on property information with market context.
This furnished condo-hotel unit at SKY SUITES includes one private bedroom, one bathroom, a living room with sleeper sofa, dining area, and a fully equipped kitchen. Appliances and contents include a refrigerator, microwave, stovetop, dishwasher, cookware, and utensils. The unit also has two TVs and high-speed internet. Built in 1999, the property is approved for short-term rentals.
On-site amenities include an outdoor pool, jacuzzi, 24-hour fitness center, arcade, basketball court, and free parking. The property is located 8 minutes from EPIC Universe and 10 minutes from the Orange County Convention Center, with Walt Disney World, Disney Springs, Universal Studios, International Drive, SeaWorld, shopping centers, and Orlando International Airport also identified nearby.
On-site amenities include an outdoor pool, jacuzzi, 24-hour fitness center, arcade, basketball court, and free parking. The property is located 8 minutes from EPIC Universe and 10 minutes from the Orange County Convention Center, with Walt Disney World, Disney Springs, Universal Studios, International Drive, SeaWorld, shopping centers, and Orlando International Airport also identified nearby.
Key Highlights
- Furnished 1‑bedroom, 1‑bathroom condo‑hotel unit
- Short‑term rentals are allowed
- Kitchen includes refrigerator, microwave, stovetop, dishwasher, cookware, and utensils
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
$7,024
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
4.95%
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%
$140,480
$140.5K
Cap Rate 7%
$100,343
$100.3K
Cap Rate 9%
$78,044
$78.0K
Market Conditions
NOI Build-Up for 542 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
$13.7K $25.20/SF
− Vacancy
−$888 −$1.64/SF
EGI
$12.8K $23.56/SF
− OpEx
−$5.7K −$10.60/SF
NOI
$7.0K $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%
$140,480
Cap Rate 7%
$100,343
Cap Rate 9%
$78,044
Alternative Uses
Best Use
Apartment 5plus
$100.3K
$87.8K – $117.1K
NOI $7,024 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$174.6K
$152.8K – $203.7K
NOI $12,222 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,465
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - One-bedroom condo-hotel unit with a complete kitchen, resort amenities, and short-term rental authorization.
Where is this short term rental property located?
The property is located at 7601 CANADA AVE #221 Orlando, FL.
What is the asking price?
The asking price for this property is $142,000.
What are key features of this property?
This property features: Furnished 1‑bedroom, 1‑bathroom condo‑hotel unit; Short‑term rentals are allowed; Kitchen includes refrigerator, microwave, stovetop, dishwasher, cookware, and utensils
