South Beach 2 Bedroom Condo Deals w Investment Analysis at 20% Down

South Beach Lifeguard Stand
I’m often asked by the would be investor what income potential might be with 20% down. It seems as though the long term, buy & hold outlook is correct yet many investors seem to think or at least hope the property might be a cash cow or even break even 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 with South Beach real estate or any oceanfront community like Bal Harbour and Sunny Isles real estate. Here are the best 2 bedroom South Beach Condo Deals and expense vs. income figures to review…
Let’s use the purchase price at $800,000 for example at market average is 10% of 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 at roughly $6,182… You’d be Negative at approximately $2,000 monthly
Estimates Calculated
Taxes $16,140 or $1,345 monthly
Maintenance Fees $900 to $1100 (Ave $1000)
P & I w20% down $3,837 monthly (at 6% Interest 30 year fixed)
Total Monthly Expense = $6,182
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About Ashton Coleman

Ashton is a tech & social media savvy professional who understands the industry providing white-glove service with a wealth of experience, an impeccable reputation, and a keen ability to efficiently handle all facets of real estate. Ashton’s territory has grown significantly since 2002, marketing & selling extraordinary South Florida coastal real estate from Miami Beach to Lighthouse Point. A Certified Luxury Homes Marketing Specialist (Million Dollar Guild), with a multitude of other residential certifications, Ashton provides both exceptional service and unique selling techniques. His success is attributed to an unparalleled work ethic with years of experience including top-tier professional services where the ‘art of the deal’ is mastered in contract negotiations, deal-making intricacies and the end, results-driven real estate.

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