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Property for sale information

 
Foreclosed investment opportunity - Florida  
Reference nr: 212
Description:

This is one of the most modern and strikingly designed communities in Metrowest. It features properties with high quality finishing's that include upgraded carpets, kitchen cabinets, countertops and recent appliances. The exterior buildings all have tiled roofs, and many are clustered around the community's lake.

This development benefits from a unique clubhouse with bright open walkways and one of the nicest resort style pools to be found anywhere, with lake views adding to the relaxing surroundings.

Additionally there is a tennis court, a large children's playground as well as a fitness centre and business centre. A small but popular feature is the daily valet trash collection that each property benefits from.

This community is in the heart of the metro Orlando area, 9 miles west of Downtown Orlando. Universal is a 5 minute drive, Dr. Phillips 10 minutes, Disney 20 minutes and the International Airport and the Medical City are 25 minutes.

It is has excellent transportation links being located close to the main Interstate 4 (5 minutes) that links Central Florida with Tampa to the south and Daytona & Jacksonville to the north.

Additionally a new toll road that links the area with downtown Orlando is close by as well as the Florida Turnpike which provides an efficient way of reaching south east Florida.

Estimated Monthly Rent: $1,200

2008 Monthly Property Taxes: $325

Monthly HOA fees: $272

Previous selling prices: $287,900

Estimated net yield: 6%

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.

You can also visit http://someplaceelse.ie/Florida-Property.pdf to download a detailed b

Bedrooms: Bathrooms: Price (€):
2 2 72,700
Features:
Beach
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: €72,700
 

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