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$224,000

For Sale - Active
2724 Club Cortile Cir Apt B, Kissimmee, FL 34746
3 Beds
2 Baths
1,202 Square Feet
0.17 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 20 hours ago
Updated: Aug 30, 2025 at 09:08PM

Investment Summary


Monthly Cash Flow
-$514
Cap Rate
3.4%
Cash-on-Cash Return
-12.0%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.6%

Property Description


0.17 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Step inside this beautifully remodeled second-floor condo at Club Cortile! Featuring brand-new flooring throughout, a fresh, modern paint finish, and elegant quartz countertops in the kitchen, this apartment combines style, comfort, and value. Located in a gated, resort-style community, residents enjoy access to a sparkling pool, clubhouse, fitness center, tennis and basketball courts, and a playground. Perfectly situated just 6.4 miles from Disney, 9.1 miles from SeaWorld, and 13.3 miles from Universal Studios, with The Loop shopping center, Target, restaurants, and major highways nearby. Zoned for short-term rentals (Airbnb/VRBO) as well as long-term leasing, this property offers incredible flexibility—ideal as a primary residence, vacation home, or investment. Currently vacant and ready for immediate occupancy!

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Club Cortile HOA
  • HOA Fee: $375/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 1225283134000B2724
  • Lot Size: 7309 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2007

Tax Information

  • Annual Tax: $2,802

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Osceola

Listing Details


Listed by:
Carlos Gonzalez
FLEXWAY REALTY LLC
(321) 443-4772

Source:
Stellar MLS
MLS#: S5132951
Stellar MLS

Investment Summary


Monthly Cash Flow
-$514
Cap Rate
3.4%
Cash-on-Cash Return
-12.0%
Debt Coverage Ratio
0.55
Internal Rate of Return (5 years)
-7.6%

Purchase Details

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Purchase price:
$224,000
Amount financed:
-$179,200
Down payment:
$44,800
Closing costs:
$6,720
Rehab costs:
$0
Initial cash invested:
$51,520
Square feet:
1,202
Cost per square foot:
$186
Monthly rent per square foot:
$1.50

Financing Details

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Loan amount:
$179,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,147
Property tax:
$234
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,507

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$234-$2,802
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (21%)
21%-$375-$4,500
Total operating expenses: (59%)
59%-$1,059-$12,702

Cash Flow


Monthly Yearly
Net operating income:
$633 $7,596
Mortgage payments:
-$1,147 -$13,764
Cash flow:
$514 $6,168