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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
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.