Erica Muller

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When thinking about investing in a vacation home in Kissimmee close to Disney World one of the most important factors to consider, if you want to offset your expense as much as possible, is which neighborhoods generate the most income. As a vacation home specialist my recommendation to you is to work backwards. Don't be like so many Orlando vacation home buyers that just jump into this process, pick random houses to view and then worry about the revenue later. Start backwards to achieve the income goals you desire. The first backward step is to compile a list of Kissimmee neighborhoods in your price range that earn top dollar on bookings and have a stable booking history and start focusing on those communities. There are really two main ways to obtain a list like this. The first is the easiest and that would be to hook up with a qualified, vacation home specialist Realtor who works the Kissimmmee/Davenport market and monitors this activity. The second would be to shop vacation home management companies and ask them for booking records but management companies are not so keen on divulging their property information to potential owners as this information often contradicts what they quote you in terms of rates. Lets take a look at average revenue in five of Kissimmee's most popular vacation villa neighborhoods.

All information compiled is based on a standard single family 4 bedroom pool home.

Windsor Palms

Location To Disney: 3.5 Miles
Average Nightly Rate Low Season: $145
Average Nightly Rate High Season: $173
Average Weekly Rate Low Season: $931
Average Weekly Rate High Season: $1193
Windsor Palms Homes For Sale

Lindfields

Location To Disney: 4.4 Miles
Average Nightly Rate Low Season: $115
Average Nightly Rate High Season: $133
Average Weekly Rate Low Season: $763
Average Weekly Rate High Season: $911
Lindfields Homes For Sale

See All Five Communities Here

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So many buyers are instantly drawn to the prices in the Bimini Bay townhouse community which is located in Davenport, FL. They see the beautiful townhouses online and most wonder why they are so cheap! You know how the saying goes: If it seems too good to be true it probably is and this couldn't hold more true for Bimini Bay in Davenport.

The Bimini Bay community was supposed to be a resort community that would stack up with the likes of resort neighborhoods like Regal Palms and Bahama Bay. It was supposed to have a water park, day spa, gym facilities and many other cool toys but when the market turned many buyers started backing out of their contracts and just not buying all together, this brought construction to a very quick halt!

Bimini Bay Bank Townhouses For Sale

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1. Check all screens to make sure they are on the track properly (could be missing or lose from any break ins)
2. All windows open and close properly
3. Front door key lock and deadbolt locks properly.
4. Sliding glass doors open and close, and lock properly
5. All water faucets working, and no leaks under the sinks while water is running.
6. Kitchen sink sprayer hose working.
7. All toilets working, no leaks under the toilets when flushed.
8. Hot water working.
9. A/C unit working.
10. Washer/Dryer working.

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Read Also: Why You Need a Realtor if You’re Purchasing a Disney Area New Build Home

Read Also: The 7 Most Popular Disney Area Neighborhoods for Villa Bookings

Read Also: The 9 Best Kissimmee Gated Communities To Own a Vacation Home In

Property flipping in this market? You betta believe it! Legacy Dunes condos in Kissimmee are not only being marketed on Ebay but are actually selling and the investors are making a quick profit and not a bad one if I may say so myself. Are they being marketed honestly though? It would appear from this ad that the value of the property is being misrepresented. . .

This is just one of many examples of Legacy Dunes condo properties being flipped on ebay for a fast and hefty profit:

Here is the original listing from the MLS showing a closing date of May 1, 2009 for $27,000 (bank owned of course)

Here we are less than a month and a half later and we see this exact condo listed on E-bay for $59,000 with bids on it!!!!!! Even if this condo sells for $40,000 that’s almost doubling your money in less than two months. Could this be the start of another bubble though? Should end user buyers beware of the investor speculation going on in Legacy Dunes right now or should they feel secure knowing that they are buying at wholesale and could easily flip their condo for a quick buck if they wanted to? I say that this is just a temporary thing and those that ride it out while it last will make the money. As soon as all the bank owned inventory in Legacy clears out there won’t be any mark-up room to continue to flip.

As I was saying about the values being misrepresented. . . this condo is clearly NOT worth $96,000 however the person who is marketing this grabbed some information from the tax records to try and make this look like it’s the deal of the century and there are buyers out there that do not know how to find this information on their own that will believe this to be true. The Osceola property appraisers are in the process of reassessing the values for all the Legacy Dunes condos for 2009 and these values will be going down to reflect the market. The proposed annual tax statements don’t come out until August so this information is misleading in my opinion. At least they go onto mention that this information is subject to change. . .

Thinking about flipping or just owning one? Check out this list of Bank Owned Legacy Dunes Condos for Sale