Florida: 17% Returns from investment near Disneyworld

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17% Returns from investment near Disneyworld - $ 59,337

Home > Real Estate > Residential > For sale > United States > Florida > Polk > Neilson > Detailed listing (ZPOC-T464605)

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REF TPS5
Gross annual return: 28%
Net annual return, after running costs: 17%
Three miles from Disney, Universal Studios & Epcot
61% Price reduction - Fantastic investment opportunity, 4 years old
Five bedroom family home or can be used as two self contained apartments, 3 + 1 bed apartments - rent one to pay for all the annual running costs on the
Excellent opportunity to purchase a holiday home or investment property
Investment summary: Built in 2006, this substantial house has been separated into two units giving incredible flexible accommodation and offers the opportunity of renting one unit to pay the running costs of the other. The property consists of two apartments; a three bedroom and a one bedroom, alternatively it can be used as a substantial five bedroom family home, situated minutes away from Disneyworld - truly a fantastic opportunity. We can offer full management for this property and can provide long-term tenants. If it was rented out as two separate units the property would produce $1,300-00 per month ($15,600-00 per annum) - it would be very hard to find a better return on a property that is situated so close to all the theme parks. Also note that when the first phase sold on the complex the properties sold for $330,000-00, this property is an absolute bargain, this property is a bank agreed short-sale and is under contract to TPS.
Price: $56,000/£37,333/€44,800 - including all fees and costs All buying expenses: Included in the price
Rent Roll per month: 3Bed apartment $800pm + 1 Bed apartment $500pm = $1,300 per month Price in 2008; $139,000 - you can buy this property for a 61% reduction of that price
Holding deposit required: $2,000
Financial details
Net rental yield after all annual running costs
($15,600 - less running costs; $1,560 management, $2,380 HOA fees/ insurance, $2,166 property taxes = Net annual income - $9,494)
Gross rental income; $1,300 / £800 / €923 per month
Net rental income; $913 / £609 / €702 per month
Annual property taxes: $2,166
Community fees: $140 per month Listing agent say's: 4 BED/ 3 BATH TOWN HOME LOCATED NEAR THE HEART OF DISNEY! CAN BE SPLIT INTO A 3 BED/ 2 BATH AND A 1 BED/ 1 BATH. GREAT INVESTMENT PROPERTY
Sale type: Bank agreed Short-sale - will close in 28 days. Location: This property is situated less than five miles from Disneyworld a great location to give easy access to all the theme parks.
Management: Full management service provided with this property upon request.
Rooms & room sizes (in feet):
Living room: 20 x12 ft
Master Bedroom: 16 x 11 ft
Bonus Room : N/A
Family room: N/A
Bedroom 2: 13 x 11 ft

Kitchen: 11 x 10 ft
Bedroom 3: 10 x 9 ft
Built size: 1,881 sq ft
Dining room: 12 x 10 ft
Bedroom 4: 10 x 16 ft
Lot size: 1,306 sq ft
Exchange rates: Please note that with the ever changing exchange rates we have used £1=$1.5 & €1= $1.25 for guidance only, as all property prices are set in USD.Property Sourcing Service: Does this property meet your requirements? If not, we invite you to contact us. If you let us know your budget, the location and type of property you are looking for, we will find the exact property to meet your requirements.
Buying Procedure: The buying procedure is very simple, you will be represented by an attorney with many years experience at every stage of your purchase, the deeds will be filed in your name and you will receive a copy by courier. The day you complete on your purchase the property management company will pick up the keys and start looking after your property for you. The whole process is designed to be run from any part of the world and you do not have to travel to the USA to make a purchase, unless you wish to. Contact us today for details how to reserve this property
We provide a complete purchasing service and will introduce the management that will maintain the property and collect the rent on your behalf.

Purchase Incentives
Legal Fees Paid
Reduced Price

Investment Characteristics
Legal Fees Paid
Reduced Price
Residential Letting
Below Market Value
Capital Growth
High Yield
Fully Managed
Low Risk Profile
Positive Cashflow
Immediate Income
Distressed Seller
Discounted Price

Lifestyle Activities
Lake
Town
Theme Park
Complex

Amenities and Services
Parking
Communal Gardens
Nightlife
Park
Playground
Restaurants
Schools
Shops
Management

Property Characteristics
Semi-detached
Freehold
Newly Built
Recent Construction

Property Features
Garden
Allocated Parking
Central Heating
Cloakroom
Dining Room
Double Glazing
Ensuite
Fitted Bathroom
Fitted Kitchen
Fitted Wardrobes
French Doors
Off Street Parking
Outside Space
Carport
Patio

Fixtures and Furnishings
Air Conditioning
Bath
Cooker
Dishwasher
Fridge
Microwave
Washing Machine

Key selling points:
Asking price $55,000/£36,666/€44,000
Gross annual return $14,400 / £9,600 44%
Net annual return $10,960 / £7,306 / €11,100 34%
5 miles from Disneyworld
Two apartments, 1 x 3 & 1 x 1 bedroom
Or can be used as a substantial 5 bedroom family house
Exceptionally low HOA/community fees
Full management service offered

PROPERTY FEATURES

Property type: Townhouse	Listing type: For sale
Rental investment: Yes	City: Florida
Country: United States	No. of bedrooms: 5
No. of bathrooms: 3	Heating system: Collective
Parking: Yes	Refrigerator: Yes
Air-conditioning: Yes	Microwave: Yes
Dishwasher: Yes	Washing machine: Yes

FINANCIAL INFORMATION

Asking price: USD 59,337

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Prices may or may not include extra charges like taxes, home improvements, agency commission. Always verify details with the owner or broker.