South Beach Studio Investment Analysis on Cash Purchase

For a friend looking to pay cash on an inexpensive South Beach investment property

South Beach 605 Euclid Avenue

South Beach 605 Euclid Avenue

Rental Income Estimate $800 x 12 = $9,600
Vacancy Estimate 30 days (-800)
Taxes (Est.) $1,715
Maintenance $238 x 12 = $2,856
Prof. Service Fee (when Securing Tenant) $950
TOTAL = $3,279 (4%)
605 EUCLID AVE # 101
Rental Income Estimate $950 x 12 = $11,400
Vacancy Estimate 30 days (-950)
Taxes (Est.) $1,997
Maintenance $200 x 12 = $2,400
Prof. Service Fee (when Securing Tenant) $950
TOTAL = $5,103 (5%)
428 COLLINS AVE # 7
Rental Income Estimate $650 x 12 = $7,800
Vacancy Estimate 60 days (-650)
Prof. Service Fee (when Securing Tenant) $650
Taxes (Est.) $1,810
Maintenance $150 x 12 = $1,800
TOTAL = $2,890 (3%)

1619 JEFFERSON AVE #4
Rental Income Estimate $775 x 12 = $9,300
Vacancy Estimate 30 days (-775)
Taxes (Est.) $2,108
Maintenance $155  x 12 = $1,860
Prof. Service Fee (when Securing Tenant) $775
TOTAL = $3,782 (4%)

*These numbers are calculated at full price offers.
**Market averages are 89% off of list price making all figures more attractive.
PS. here is the county tax estimator where I derived these tax figures…
http://www.miamidade.gov/pa/tax_estimator/TaxEstimator.asp
Toll Free 1.888.383.7326

About Ashton Coleman

Ashton is a technology & 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.

Buyers of South Florida, South Beach Condos

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