Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$284,999

For Sale - Active
4008 San Sabastian Dr Apt 105, Kissimmee, FL 34741
3 Beds
2 Baths
1,296 Square Feet
0.13 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Aug 23, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$980
Cap Rate
2.0%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-13.3%

Property Description


0.13 Acres Lot
Built in 2005
For Sale - Active
Units n/a

Welcome to this charming 3-bedroom, 2-bathroom two-story townhouse style condo in the 24-hour guard-gated community of Venetian Bay Villages in Kissimmee. Featuring a functional floorplan, this well-maintained home offers tile flooring in the main living areas, cozy carpet in all bedrooms, stainless steel appliances, and an in-unit washer/dryer combo. Whether you're looking for a smart investment or a primary residence, this condo checks all the boxes—it is income-producing from day one with tenants already in place and is zoned for both short-term and long-term rental opportunities. Venetian Bay Villages provides residents and guests with an impressive list of resort-style amenities. Enjoy four sparkling swimming pools (including a heated main pool), a spacious sun deck, multiple playgrounds, a fully equipped clubhouse with kitchen, fitness center, game room, and courts for basketball, volleyball, and tennis. There are also picnic areas and a peaceful fishing dock for relaxing afternoons. Ideally situated between Osceola Parkway and US 192, this community offers easy access to Central Florida’s major highways, attractions, dining, and entertainment.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

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: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Venetian Bay Villages HOA/FS Residential
  • HOA Fee: $496/monthly

Land Information

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

Lot Information

  • Parcel ID: 182529228300551050
  • Lot Size: 5841 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2005

Tax Information

  • Annual Tax: $4,023

Utilities

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

Location

  • County: Osceola

Listing Details


Listed by:
Christopher Vitale
KELLER WILLIAMS REALTY AT THE LAKES
(347) 678-3674

Source:
Stellar MLS
MLS#: S5129965
Stellar MLS

Investment Summary


Monthly Cash Flow
-$980
Cap Rate
2.0%
Cash-on-Cash Return
-17.9%
Debt Coverage Ratio
0.33
Internal Rate of Return (5 years)
-13.3%

Purchase Details

Find an Agent

Purchase price:
$284,999
Amount financed:
-$227,999
Down payment:
$57,000
Closing costs:
$8,550
Rehab costs:
$0
Initial cash invested:
$65,550
Square feet:
1,296
Cost per square foot:
$220
Monthly rent per square foot:
$1.47

Financing Details

Find a Lender

Loan amount:
$227,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,460
Property tax:
$335
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,928

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (18%)
18%-$335-$4,023
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (26%)
26%-$496-$5,952
Total operating expenses: (69%)
69%-$1,306-$15,675

Cash Flow


Monthly Yearly
Net operating income:
$480 $5,760
Mortgage payments:
-$1,460 -$17,520
Cash flow:
-$980 -$11,760