CONTRACT FOR SALE!

8101 Coconut Palm Way, Kissimmee, FL 34747

Asking Price: $244,900

Full Market Value: $330,000

Short term rents are approx. $3,200/mo.

• Bed 3 / Bath 2
• Condo
• Sqft 1,402
• Year Built: 2001
• Full Inspection performed. Inspection report can be provided to serious buyers.
• FULLY FURNISHED. True Turn-key property.
• HOA - $240 (Includes Cable TV, Security, TRash, Water, Amenities - Fitness, Playground, Pool, Tennis Courts)
• No rental restrictions

• Estimated repair costs based on inspection results - $5,000 
• Recommend HVAC to be evaluated or replaced as it has corrosion.
• Water heater is near end of life.
• Minor roof leak.

As STR: 

• $3,200/mo - $38,400/yr
• Approx. 9.25% cap rate
• Approx. 15.25% gross yield
• 1.25% rule - % of purchase price

Property Photos and Videos: View Here

Nearby Comps (same development):

• Property 1: 8100 Princess Palm Ln., Apt. 104, Kissimmee, FL 34747
• Beds/Baths/Sqft: 3 bd 2 ba 1,402 sqft
• Sold Date: 06/13/23
• Sold Price: $325,000

• Property 2: 2300 Butterfly Palm Way, Apt. 304, Kissimmee, FL 34747
• Beds/Baths/Sqft: 3 bd 2 ba 1,402 sqft
• Sold/Pending Date: 07/25/23
• Sold/Pending Price: $305,000

• Property 3: 2303 Butterfly Palm Way, Apt. 104, Kissimmee, FL 34747
• Beds/Baths/Sqft: 3 bd 2 ba 1,402 sqft
• Sold/Pending Date: 06/17/23
• Sold/Pending Price: $345,000
• Property 4: 2307 Butterfly Palm Way, Apt. 304, Kissimmee, FL 34747

• Beds/Baths/Sqft: 3 bd 2 ba 1,402 sqft
• Sold/Pending Date: 10/12/23
• Sold/Pending Price: $330,000