| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 76th | Best |
| Demographics | 59th | Good |
| Amenities | 56th | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1415 Latta Dr, Kissimmee, FL, 34747, US |
| Region / Metro | Kissimmee |
| Year of Construction | 2013 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
1415 Latta Dr Kissimmee Multifamily Investment
Newer 2013 construction in a suburban Kissimmee pocket where elevated home values support sustained renter demand, according to WDSuite’s CRE market data. The location’s income profile and growing household base point to a durable tenant pool rather than short-term momentum.
The property sits in a Suburban neighborhood within the Orlando–Kissimmee–Sanford metro that WDSuite rates A- and ranks 82 out of 465 neighborhoods — competitive among Orlando–Kissimmee–Sanford neighborhoods. Nationally, amenity access is mid-to-strong with parks, cafes, and childcare densities around the 70th percentile, while grocery access is closer to the national midpoint. Restaurant density within the immediate neighborhood is limited, so residents may rely on nearby corridors for dining.
At the neighborhood level, home values trend high (upper-percentile nationally), which typically reinforces reliance on multifamily housing and supports pricing power for well-located assets. Median contract rents in the neighborhood also benchmark in the upper national percentiles, while the rent-to-income ratio sits in a lower national percentile, suggesting manageable affordability pressure for many renters — a positive for lease retention and loss-to-lease management.
Construction stock trends newer than the metro average, and this asset’s 2013 vintage positions it competitively versus older inventory; investors should still plan for standard mid-life system updates over the hold. Neighborhood renter concentration is measured as the share of housing units that are renter-occupied and sits in a higher national percentile, indicating depth in the tenant base for multifamily operators.
Demographics aggregated within a 3-mile radius indicate strong population growth over the last five years and projected through 2028, with households expanding meaningfully and average household size edging lower — dynamics that typically expand the renter pool and support occupancy stability. Average school ratings in the neighborhood benchmark below national midline, which can be a consideration for family-oriented leasing strategies.
Safety indicators point to a mixed but generally favorable profile when viewed nationally. WDSuite’s data show the neighborhood in the top quartile nationally for lower violent offense rates and around the national midpoint for property offenses. Year-over-year trends show double-digit declines in both violent and property offense estimates, suggesting improving conditions.
Within the Orlando–Kissimmee–Sanford metro, the area’s crime rank is toward the higher-crime cohort (rank 9 among 465 metro neighborhoods), so performance should be assessed at the property and block level during diligence. For investors, the national standing and improving trend are constructive, but metro-relative positioning warrants prudent on-site review and proactive security and lighting standards.
Nearby employers span industrial gases, restaurant corporate, logistics, financial services, and grocery headquarters, supporting a diversified commuter base and steady renter demand for workforce and professional households.
- Airgas Specialty Products — industrial gases (6.4 miles)
- Darden Restaurants — restaurant group corporate (11.5 miles) — HQ
- Ryder — logistics (14.1 miles)
- Prudential — financial services (14.4 miles)
- Publix Super Markets — grocer corporate (34.6 miles) — HQ
1415 Latta Dr offers 24 units built in 2013, positioning the asset as relatively new within a suburban Kissimmee submarket where elevated ownership costs bolster multifamily reliance. Based on CRE market data from WDSuite, neighborhood-level rents benchmark high nationally while rent-to-income metrics remain comparatively manageable, a combination that can support occupancy stability and disciplined rent management. Within a 3-mile radius, population and household growth — alongside a gradual shift toward more renter-occupied housing — point to a larger tenant base over the next several years.
Key underwriting considerations include the neighborhood’s below-average school ratings and metro-relative crime rank, offset by improving safety trends at the national comparison level. As a 2013 vintage, the asset should be competitive against older stock, though investors should plan for routine mid-life capital items and potential amenity upgrades to sustain leasing velocity.
- 2013 vintage competitive versus older neighborhood stock, with standard mid-life capital planning
- High home values reinforce renter reliance and support pricing power for well-run assets
- 3-mile radius shows population and household growth, expanding the tenant base
- Rent benchmarks high while rent-to-income is manageable, aiding retention and lease management
- Risks: below-average school ratings and metro-relative crime rank; mitigate via amenities, screening, and lighting/security