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Property for sale information

 
Foreclosed investment opportunity - Florida  
Reference nr: A108
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

METROWEST CONDO
Ref: A108
Price: $49,900
Bedrooms: 2 Baths: 2

Location:
Metrowest comes strongly recommended, especially in terms of good and wide ranging accommodation and an area that appeals to the rental market.

Metrowest benefits from a wide array of amenities and facilities. Within the town centre there are many banking, dining, entertainment and shopping options. Including a Sun Trust bank, Publix supermarket, Sam Sneed's Tavern and the Florida Tap room.
The city's best shopping (Mall of Millenia) and dining (Dr. Phillips Restaurant Row) are both within 10 minutes.

There are excellent schools close by including Metrowest Elementary, Chain of Lakes Middle School and Olympia & Dr. Phillips High Schools.

One of the crown jewels of Metrowest is its golf course. It has been voted #1 Public Golf Course by Orlando Magazine, and it has been a Champions Tour Qualifying Site (1997 - 2007) & a U.S. Open
Qualifying Site (1999 - 2007). It is a public course open for all to play and residents of Metrowest receive discounted green fees.
Other outdoor pastimes in the area include many lakes for fishing and boating as well as a state park.

Amenities:
* Gated entrance with 24 hr courtesy officer
* Shopping & dining options on site
* Clubhouse
* Two swimming pools
* Large fitness centre
* Tennis court
* Sand volleyball court
* Indoor basketball court
* Attractive landscaping
* Lake with beach and bbq area

Monthly Property Taxes: $244
Monthly Home Owners Association fees: $370
Previous selling price: $190,000
Estimated monthly rent $900

Currency exchange correct at time of going to press.

Bedrooms: Bathrooms: Price (€):
2 2 39,100
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: €39,100
 

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