South Beach Condo Investment Analysis in 2008

South Beach Condo Investment Analysis in 2008. The would-be investor often asks me what the income potential might be with 20% down. It seems as though the long-term, buy-and-hold outlook is correct, yet many investors seem to think or at least hope the property might be a cash cow or even break to cover their out-of-pocket expenses. The fact is that just isn’t so when financing is required… The rental values and future resale values should be superior to South Beach real estate or any oceanfront community like Bal Harbour and Sunny Isles real estate. Here are the best 2-bedroom South Beach condos and expense vs. income figures to review…

Let’s use the purchase price of $800,000, for example, at a market average of 10% of the list price. 20% down is $160,000 with a Loan Amt. at $640,000. Rental Values are estimated at $3,000 to $4,500 per month. We see an out-of-pocket cost of roughly $6,182… You’d be Negative at approximately $2,000 monthly.

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