Sunny Isles Beach Luxury Condo Investment Analysis May09

Trump Palace Sunny IslesIn review of the top condo deals in Sunny Isles Beach today, here are the selected buys..

  • 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)
  • Discrepancies, Questions, Inquiries? Call..  1.888.383.7326 or Ashton@MiamiDreamRealty.com

    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, Seller's of South Florida, Sunny Isles Beach Condos, ,

    One thought on “Sunny Isles Beach Luxury Condo Investment Analysis May09