Superb Investment Opportunity - Florida
 1 Bedroom Superior Apartment $155,000 (£83,000)- 1 Bedroom Superior Lake View Apartment $175,000 (£94,000)
- These apartments are currently occupied by American citizens on long-term lets
- All 1st & 2nd year costs paid by the developer, including mortgage costs and management costs – up to a maximum of $1,400 (£753) per month
- On-going rentals of $1,100 - $1,250 p.m. should exceed all maintenance & repayment mortgage costs, post refurbishment
- All closing costs paid, i.e. legal costs & disbursements
- Offered at a discount to market value of over $10,000
- $1,000 to make a reservation (refundable before exchange of contracts)
-
| Purchase price |
$155,000 |
| Reservation, deposit & fees |
$31,000 |
| 7.2% equity growth year 1 |
$11,160 |
| 7.2% equity growth year 2 |
$11,964 |
| 7.2% equity growth year 3 |
$12,825 |
| 7.2% equity growth year 4 |
$13,748 |
| Return on investment = 160% |
$49,697 |
* This example assumes the client takes a mortgage for 80% of the property value on completion and keeps for 2 years after the rental guarantee expires. |
• Views of and direct frontage on Lake Fredrica
• Two Swimming Pools
• Heated Spa
• State-Of-The-Art Fitness Centre
• Picnic area
• Waterfront Gazebos
• Fishing Pier
• Boating Slips
• Covered parking with storage
• Car Wash Facility
• Gated Entry |
Deposit of 20% payable within 30 days ($31,000, £16,600)
- 75%-80% stated income or 80% full status finance available
- Example repayment mortgage costs of $896 (£482) and $1,012 (£544) per month
- Apartments undergoing refurbishment, work is scheduled to complete summer 2006
Exchange rate of £1 = $1.86 assumed
Location
This residential development is located 10 minutes south-east of downtown Orlando in a suburban location and is tenanted by professionals, whilst also being just 10 minutes to Orlando International Airport and 15 minutes to the Orlando convention Centre.
All our clients have one thing in common; they want to make a good investment. We undertake diligent and comprehensive research on developments across the world, to find the best investment opportunities for our clients. We ensure that these properties are of the best quality, value for money and in excellent locations. Our properties are in areas research has indicated are ripe for capital growth and have strong rental demand; we provide rental guarantees because we have every confidence in being able to rent them out.
 Investment Background - Lake Fredrica
This is an excellent opportunity to invest in the greater Orlando real estate market. As prices of short-term rental accommodation, e.g. villas, have risen, and their supply has increased, it is becoming both expensive and difficult to invest in the area in this way and make the numbers stack up. Prices of short-term rental accommodation are falling in the short term in many parts of the central Florida area.
The demand in the area has been fuelled by the 75 million (and increasing) tourists travelling there every year and the associated commerce that it creates. However, unlike these “holiday let” properties, long term residential properties have hardly increased in value over the last three years and the potential to increase is astronomic.
We recommend investors turn their attention to this long-term rental market as this is where the best returns can now be made. This means you are investing in suburban Greater Orlando, in a conventional buy to let.
The simple fact is that the demand for long term rentals greatly outstrips supply. The reason is that thousands of people every week are moving permanently to Florida; most of that focus is around the Orlando and central Florida region - there is not enough rental accommodation to meet the long term renter’s demand.
These apartments on Lake Fredrica are let to American citizens on long-term lets and are undergoing refurbishment, scheduled to complete in 2007 – hence they form part of the current Orlando supply inventory. The 30 available to our clients will be refurbished by summer 2006.
The residential market offers an incredible investment opportunity over the short term and up to 10 years.
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