South Beach Condo Investment Analysis in 2008

South Beach Lifeguard Stand
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…

South Beach Waterfront Condos

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.

South Beach Condo Investment – Estimates Calculated

Taxes $16,140 or $1,345 monthly
see Tax Estimator Here 
Maintenance Fees $900 to $1100 (Ave $1000)
P & I with 20% down $3,837 monthly (at 6% Interest 30-year fixed)
Total Monthly Expense = $6,182
I continually add to this Miami Beach real estate blog, so if you’d like new updates once available, you can be notified by email each time a new posting occurs. Contact me today at #1.888.38.DREAM.

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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