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Property for sale information

 
Foreclosed investment opportunity - Florida  
Reference nr: 192
Description:

This condo is within a well designed and constructed community that is unique, with it bordering two lakes.

Its location is just one and a half miles south of 'Restaurant Row' and the heart of Dr. Phillips. Additionally Interstate 4 is just one mile away.

There is a very good clubhouse with a well furnished interior. Adjacent to the clubhouse is a very spacious outdoor sun deck where there are two swimming pools, both overlooking one of the lakes along with a lakeside volleyball court.

15 minutes south-west of Orlando's Downtown area, Dr Phillips is also equidistant from the International Airport and the Medical city. Disney, International Drive attractions, and other major employers can be reached in 10 - 15 minutes.

It is has excellent transportation links being located within 2 - 3 minutes of the main Interstate 4 highway that links Central Florida with Tampa to the south and Daytona & Jacksonville to the north.

The Dr Phillips area offers an outstanding array of dining, entertainment, banking and shopping options. Additionally within 5 to 10 minutes are two of the most exclusive golf clubs (Bay Hill and Isleworth).


Estimated Monthly Rent: $750

2008 Monthly Property Taxes: $138

Monthly HOA fees: $200

Previous selling prices: $164,00

Estimated net yield: 8%

Someplace Else Ireland has a comprehensive range of products and services which will enable investors to purchase high quality and well located investment properties for as little as 30% of their former value.

Our focus is on the fastest growing and one of the most diverse states in the USA - the sunshine state of Florida. With a population of over 3 million, Orlando is by far the fastest growing city within Florida (and second fastest growing in the US behind Las Vegas) and is ranked number 1 in the country for predicted job growth between 2007-2012. As a convention hub and recognised centre of innovation with large technology, tourist, retirement and financial industries it is clear that cities like Orlando which will be at the forefront of America's recovery.

We only sell completely finished (as opposed to offplan) property and our focus is very much on long term lets as opposed to vacation lets, as they are more tax efficient, they are easier to manage and the net rental income per square foot is more reliable and far higher.

The properties we source are bank owned (also known as foreclosed or Real Estate Owned property) and are at the very bottom of the purchase cycle. Units that were previously sold in 2005 & 2006 for $150,000 - $300,000 can now be purchased for $50,000 - $100,000.

Our local team of professional and licensed experts are continuously researching and carrying out due diligence on well regarded and affluent local neighbourhoods with strong local amenities. We only list properties which have a high rental demand and are offered in excellent condition.

Contact us today or visit http://someplaceelse.ie/Florida-Property.pdf to download a detailed brochure on the subject.

Currency conversion correct at time of going to press.

Bedrooms: Bathrooms: Price (€):
1 1 35,600
Features:
City
Golf
Private Swimming Pool
Submission Date:
02-23-2009
Advertiser Details:


Name:
Colin Murphy

Company:
Someplace Else

Phone:
1890 425 425
Fax:
+ 353 1 258 6016
Mobile:
+ 353 8720 77755

 
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Calculators

 
Property price: €35,600
 

Mortgage

Initial Payment (%) *  Annual Interest Rate (%) *  Term of Loan (Yrs) 
   
Loan Amount (€)  Monthly Payment (€)  # of Payments 
 
Description: The calculator estimates monthly mortgage payments taking into account the loan amount (which depends on % of the initial payment), the interest rate and term of the loan
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations

ROI

Initial Investment (%)  ROI Calculation Term (Yrs)  Term of Loan (Yrs) 
Annual Rental Yield (%) * Annual Capital Appreciation Rate (%) * Annual Mortgage Rate (%) *
Once Off Taxes & Payments on Property Purchase (%) * Taxes & Other Annual Payments on Rental Income (%) * Other Annual Fix Payments (€) *
   
Loan Amount (€)  Mortgage Payments (€)  Additional Costs (€) **
Capital Appreciation (€)  Gross Rental Income (€)  Return on Investment (%) 
 
Description: Return on Investment (ROI) calculator estimates in % the income that the Initial Investment provides in the period of time set in "ROI Calculation Term" input box
Notes:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations
** The Additional Costs are estimated as sum of once off payments (taxes, legal support and services etc.) required to become the owner of a property, annual payments from rental income (taxes, management fees etc.) and other fix annual payments (if any); all these payments vary in different countries, regions, properties etc. and are subject to preliminary assessment & consultations

Equity Rel.

Current Property Value  Existing Mortgage  Max. Lending Available (%) * 
Max. Equity Available  Amount to Release  Annual Interest Rate (%) * 
   
Monthly Cost of Top Up (Interest Only) 
 
Description: Equity Release is a means of retaining use of your property, while also obtaining a steady stream of income, using the value of the property; the income depends on current value of the property, amount to be released and paid annual interest rate
Note:
  * These indicators may vary in different countries and are subject to preliminary assessment & consultations