Sunny Isles Beach Luxury Condo Investment Analysis for May 2009. In a review of the top condo deals in Sunny Isles Beach today, here are the selected buys.
Sunny Isles Investment Properties Analysis 2009
Trump Palace ~ 18101 COLLINS AV # 1403
- Paid $310k in 03/2006
- On Market Since 11/2008 Orig. $750k
- Taxes (2008) $7,357 (Homestead)
- Maintenance $939 (x12) $11,268
- Rental Income $3000 (x12) $36,000
- Rental Service Fee $3000
- TOTAL = $21,625 (costs) – $36,000 = $14,375 (2% ROI)
- 18101 Collins Ave # 4208
- Paid $1.040M on 3/2008
- On Market Since 04/2009 Orig. $1.299M
- Taxes (2008) $19,985.89
- Maint $1,426 (x12) $17,112
- Rental Income $4250 (x12) $51,000
- Rental Service Fee $4250
- TOTAL = $41,347.89 (costs) – $51,000 = $9,652 (1% ROI)
18101 Collins Avenue #PH5202
- Paid $850k in 08/2006
- On Market Since 08/2008 Orig. $1.3M
- Taxes (2008) $16,372
- Maint $1,020 (x12) $12,240
- Rental Income $3,250 (x12) $39,000
- Rental Service Fee $3,250
- TOTAL = $31,862 (costs) – $39,000 = $7,138 (1% ROI)
18101 Collins Avenue #1406
- Paid $650k on 12/2006
- On Market Since 08/2008 Orig. $650k
- Taxes (2008) $8,596
- Maint $881 (x12) $10,572
- Rental Income $2,250 (x12) $27,000
- Rental Service Fee $2,250
- TOTAL = $21,418 (costs) – $27,000 = $5,582 (1% ROI)
Turnberry Ocean Colony ~ 16051 Collins Avenue #2602
- Paid $984,400 on 06/2006
- On Market Since 3/2009 Orig. $1.395M
- Taxes (2008) $20,130
- Maint $2,500 (x12) $30,000
- Rental Income $5,500 (x12) $66,000
- Rental Service Fee $5,500
- TOTAL = $55,630 (costs) – $66,000 = $10,370 (1% ROI)
Sunny Isles Beach Investment Analysis 2009 – Discrepancies, Questions, Inquiries? Call.. 1.888.383.7326 or Ashton@MiamiDreamRealty.com
Nice Job Ashton!