Real Estate
Investing Guide
USA Real Estate Investing
A Guide for Non US Residences and
Foreign Investors |
Sample Investment Property
Orlando, FL 32828 – Short-Sale
Specifications |
1 bedroom + loft |
1 Baths |
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1,184 Sq Ft (110 m^2) |
1988 |
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Pricing |
Investor Price: $63,000
Sold in 2005 for: $166,000. 38% reduction $53.21/Sq Ft |
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General Considerations |
1 bed with loft west side of Orlando close to Universal & downtown Orlando. Easy to rent on an annual basis, property manager in place.
Neighborhood: Metro West
Property Type: Condominium/Townhome
Property Style: Condo |
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Simple Cash-flow Analysis |
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30% |
20% |
0 |
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Down-payment |
Down-Payment |
Cash-Payment |
Mortgage amount |
$44,100 |
$50,400 |
$0 |
Est. Interest Payment |
$257 |
$294 |
$0 |
Est. Taxes |
$217 |
$217 |
$217 |
Est. Insurance |
$42 |
$42 |
$42 |
Home Owner Association |
$160 |
$160 |
$160 |
Management Fee |
$72 |
$72 |
$72 |
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Monthly Expenses |
$748 |
$784 |
$490 |
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Actual rent |
$900 |
$900 |
$900 |
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Est. Cash Flow |
$152 |
$116 |
$410 |
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- 87% of first month’s rent leasing fee required to process new tenant lease. 8% monthly management fee.
- Prices do not include closing costs. Closings costs can be as little as about 1% of purchase price for a cash transaction and as high as about 6% when obtaining a mortgage.
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Financial Comments |
Housing Indicators
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32835 |
Orange County |
Florida |
Median Estimated Home Value |
$205,131 |
$199,980 |
$189,173 |
12-Month Change |
-24.27% |
-26.81% |
-25.47% |
Households |
17,759 |
418,149 |
7,510,601 |
People per Household |
2.3 |
2.6 |
2.5 |
Median Home Age |
16 |
24 |
27 |
Own |
43% |
59% |
63% |
Rent |
47% |
34% |
24% |
Vacancy |
9% |
7% |
13% |
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General Comments |
All information is deemed to be reliable but is not guaranteed. Buyer must confirm all information to their satisfaction. Property are sold AS-IS, Buyer is advised to have all inspections necessary to satisfy themselves as to the actual condition of the property. The Buyer must pre-qualify with a Lender prior to submitting an offer to buy. All offers are subject to Lender approval, closing can possibly take 60-90 days to close. Mortgage rates are based on 7% interest only fixed. Taxes and insurance will change in 2008 with the new sales price |
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Additional Photos |
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