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We do a comprehensive
research for our 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
You can advertise the Unit for
your direct rental negotiations > Click Here
For Two buyers we represented and are advertising their units. If you want their
feedback....we'll send you their contact info.
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$275k On Beach Overpriced- previously at 170k 190k
and 210k increased every time there was an offer. The seller refused to accept any of them
and increased price each time - Annual Rental income in 2004 was $5,444.00
Sales History: Date: 10/08/2003 Sale Price: $90,000 Must walks one block past outdoor bar and restaurant to gulf beach.
Parking is outside the complex. We shall keep an eye on this and others that are
overpriced to see just how HOT and uninformed some buyers are IF it gets sold at those
prices.
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Important Investor Information Read this What
we do for Buyers > Our Process Buying
Pre-Construction Click Here
Example = Condo Investment Analysis> Click Here Sample Condo Rates & Seasons> Review Here
Flipping, Tax Consequences and more
Click Here
Understanding a 1031 Exchange Click Here
Charles Rutenberg Realty, Inc. is
Florida's Largest Real Estate Office and Home of The Top Team
Michael 'Max' Kuzmicz, Administrator - Get Detailed Investment Information &
Consultations and Our Buyer Representation
We're a Team of Realtors® with access to All
Florida Listings All Florida Listings by City and County Search Here
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Retirement
55+ Condos from $80,000 Up
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190s
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Waterfront Tampa Bay Condos from the $260's
Gulf Front Investments St Pete Beach
$290's Up New Gulf Beach Investments from the $370's
Pre Construction Clearwater Beach
$450's Up Gulf and Waterfront Pinellas
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Being pre qualified for a loan is
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