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Property for sale information

 
Foreclosed investment opportunity - Florida  
Reference nr: 191
Description:

Someplace Else Ireland, the emerging market investment specialists, have teamed up with a range of local experts to bring you a simple and direct way to purchase quality foreclosed property in Central Florida.

Throughout the subprime mortgage crisis, we have been studying the US market very closely, paying particular attention to Central Florida. While Florida is certainly not an emerging market in the traditional sense, we feel that current market conditions are presenting some incredible investment opportunities.

With valuations far below 2005 levels, the rental income as a percentage of the purchase price for certain types of properties, namely foreclosed properties (described in detail in the report below), has increased dramatically. We have located a wide range of prime residential & vacation properties in excellent condition on sale for less than 30% of their 2005 values - with purchase prices starting at under $50,000.

Simply put, economic and market forces are aligning to create exceptional investment opportunities never before seen in the USA which generate positive cashflow at a fraction of their real value.

To download our Florida Foreclosure Report - http://www.someplaceelse.ie/Florida-Foreclosed-Opportunities.pdf

Featured Property:
Spacious 2 bed - 2 bath condo / apartment

DR PHILLIPS CONDO
Ref: 191
Price: $76,500
Bedrooms: 2 Baths: 2
Sq ft: 1003

Location:
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).

Dining options include everything from two excellent steak houses (Morton's of Chicago and Ruth's Chris), to fine Italian dining (Christini's), to Seafood, Japanese, American, and even Fondue.

There is something for everyone's taste and pocket.

Many of the major banks have financial centre's in Dr Phillips, offering residents all the banking facilities possible. There is a large Publix supermarket, several small boutiques, a Barnes & Noble bookstore as well as an increasingly popular Whole Foods store which stocks fresh, high quality health conscious groceries.

Amenities:
* Gated entrance
* Clubhouse
* Two resort style swimming pools
* Lakeside recreation deck & gazebo
* Lighted Tennis courts
* Fitness centre
* Car washing facility
* Outdoor BBQ area
* Volleyball court
* Basketball court
* Deck and pier abutting Big Sand Lake
* Children's play area
* Lush landscaping with many water features

"This condo is in excellent condition and located on a superior development just minutes from the nightlife & amenities of Dr. Philli

Bedrooms: Bathrooms: Price (€):
2 2 60,000
Features:
Beach
City
Golf
Private Swimming Pool
Submission Date:
02-23-2009
Last Update:
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: €60,000
 

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