FLORIDA CONDO INVESTMENT RESEARCH

Our Team does comprehensive research for Buyers, before negotiating against Listing Agents Asking Prices
You must be pre approved for a loan for greater negotiating. Free Credit Report Available
Do some calculations and know in advance what your payments and potential average return might be.
Sale Price $200,000 Down Payment $40,000 (20%) Interest rate 6.0% Loan Time 30 Years Monthly Payments $959.28

APPRECIATION IS A FACTOR SOME INVESTORS FAIL TO CALCULATE - WHEN THEY LOOK AT THE BOTTOM LINE

$185,000 Direct Gulf Front Investment Condo - Low End Approximate Annual Return $33,000
Example of one unit with the HIGHEST rental fee - MLS #7098336 List Price:$185,000 Direct Gulf Front Investment Condo
17100 Gulf Blvd #114 N Redington Beach. We talked to listing agent for some of the information below..We used low end figures for the ball park estimates.

$13,000 to $16,000 gross income....35% rental management fees - We asked if that fee was negotiable...they said it was not negotiable, even if you bring in your own renters.
$13,000 X 35% = $4,550 Deduct from $13,000 Equals ....Appx Gross Income $8,450

15 to 30% Appx Appreciation for Gulf Front Investment Condo in Pinellas County in the last 3 years (no guarantee it will continue at that pace) Assuming bought at the full asking price - 15% X $185,000 = $27,750 annual

Monthly Maintenance Fee: $268 X 12 = $3216
$27,750 + $8,450 = $36,200 minus annual maintenance fee $3,216 = Approximate Annual Paper Return $33,000
Ball park figures - does not include your tax benefits, if any. Consult with your accountant for setting up any S corp or LLC etc
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There are some property managers that may negotiate the rental fee if you directly bring in the renters
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Listing Said - $275,000 1BR Unit on the Beach - Overpriced- Originally listed at $190,000 and $240,000 and increased every 2 months. - Annual Rental income was $5,444.00
Our research - You must walk one block past outdoor bar and restaurant to the gulf beach. Parking is outside of the complex.

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