Dear Friend
This is a very good opportunity for investment, new in the market, see below:
1) THE UNIT
14951 ROYAL OAKS LN # 901 Listed for
Complex Name:
With ocean view.
Bedrooms:
SqFt Liv Area:
Year Built:
Maint Fee: less than $ 0,40 s/f
Annual Tax: $3,559 %12=$ 296
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:
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Amazing view from this 3 bedrooms and 3.5 bath. South corner unit. Marble floors, custom designed european style kitchen cabinets, granite countertops, cable, internet .Close to the beach,shopping,schools, FIU. A Fannie Mae Homepath eligible property. Approved for HomePath mortgage financing and Renovation mortgage financing.
2) THE RENTAL
The everage price for rental :
See bellow
$ 1800-$ 2000.
3) The comparable
one unit was sold in Foreclosure in 12/19/2011 –
Listed for $ 149,000 sold for $ 170,100 REO
Bedrooms:
SqFt Liv Area: s/f = $ 86,5 s/f
901 is 2048 s/f
4) HOW much was and how much could be :
Those apt reach in 2007 more than $ 550,000
See bellow.
14951 Royal Oaks Ln # 509
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North Miami
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33181
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Jaque Properties Bl509 2 Llc
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07/02/2007
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$547,000
|
$201,440
|
$5,297
|
3
|
3
|
2,385
|
14951 Royal Oaks Ln # 704
|
North Miami
|
33181
|
Blue Associates Group Llc
|
08/16/2007
|
$556,000
|
$151,340
|
$3,979
|
2
|
2
|
1,743
|
14951 Royal Oaks Ln # 909
|
North Miami
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33181
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Bertoni Julio
|
09/07/2007
|
$564,000
|
$209,620
|
$5,512
|
3
|
3
|
2,385
|
5) Offer Suggestion :
901 is 2048 s/f listed for $ 252,900
My suggestion is to send one offer for $ 90 s/f x 2048 s/f =
Offer =$ 185,100 –Good chance.
Offer= $ 177,200 – Small chance
Offer = $ 200,100- Great Chance.
6) Return
Rental $ 1800 (or more)
- 700 (Condo)
- 296 tax= $ 800
+ possible 5% to 10% appreciation, they are much below the similar units build in 2007 and less than $100 s/f
= Possible with this unit more than 10% of return year.
7) PICTURES OF THE BUILDING
VIDEO OF similar unit ( this is just 2 bed ) http://www.youtube.com/watch?v=h3DYutnWNCo Video
