Go Zone Real Estate Investments
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| Why Invest In Real Estate? |
Why Income Property
Investment Remains
Your Best Route To
A Prosperous Future
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Benefit from our vast investment experience to build real estate investment wealth and achieve your financial goals by investing in hot property markets like Orlando, Palm Beach, Tampa Bay, Miami, Fort Lauderdale, New Orleans, Biloxi, Idaho, Mississippi, Louisiana, Florida, Arizona, Nevada and other areas that possess desirable investment characterisitcs such as solid migration, job growth and great location. |
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Biloxi Go Zone Investment Real Estate |
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Why Biloxi & Gulfport Is The Best Go Zone Real Estate Investment Opportunity
Click Here Best Go Zone Investment Real Estate
Biloxi Gulfport Casino Boom
Click for Biloxi Go Zone Casino Revenues
Biloxi Gulfport Investment - It's Not Just Casinos
Click for Biloxi Mississippi Go Zone Industry & Market Review
Biloxi Gulfport Current Rental Shortage
Click for Video/Article on Current Rental Shortages
Local Property Manager Views & Go Zone Qualification Guidelines
Click for Detailed Info
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| Positive Cash Flow In Year 1 |
Huge Rental Demand |
| $30,000 Cash Incentive from Govt |
Huge Casino Redevelopment |
Estimated $18,500 Go Zone Credit
50% Go Zone Depreciation in Year 1 |
Flood Free Zone |
| $22,000 in Equity at Purchase versus appraised value |
Over 70,000 Displaced Residents |
| $4,500 to reserve, $8,500 at contract |
Each investor can purchase up to 25 units |
| Turnkey Opportunity with property management, filing of documents included |
Pricing from $122,500 for Single Family 3 Bedroom Homes |
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BILOXI, MISSISSIPI IS AN EMERGING GROWTH AREA |
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Biloxi MI was one of the best performing cities in the country in 2006 with Biloxi logging its highest appreciation rate since the OFHEO price index was created for the area with a 12 month price increase of 15.7%
CNN Money categorized Biloxi a bust free market.
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Biloxi and the Mississippi Gulf Coast is currently a growth area for housing
Hurricane Katrina devastated the entire Mississippi Gulf Coast, destroying over 65,000 homes and 47,000 rental properties.
The need for affordable and habitable housing is critical.
Affordable Houses Address Gulf Needs
January 16, 2006 - Since Katrina's surge...wiped out whole neighborhoods in...Gulfport and Biloxi...the charette participants recognized two urgent needs...fast, affordable replacement shelter...and a way to reconnect with their town's distinct character."
- Mississippi Renewal Forum
Rental Market
- 80,000 people are still living in 23,000 FEMA trailers on the Mississippi Gulf Coast
- 30% of Mississippi residents are renters
- Current Rental rates for single family homes range from $1,000 to $1,300 per month
Mississippi Economy
- Economy finally starting to recover after Katrina
- As of late 2006, 5,000 to 10,000 living in tents, 30k-40k in trailers, 100,000 families displaced
- Gross state product and employment have surpassed pre-Katrina levels
- Reconstruction boom anticipated for the next 5 years
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The need for affordable and habitable housing is critical & the Govt has made $260 million available to encourage investors
FEMA programs are ending... evicting over 30,000 families from temporary trailers where they have been living since the hurricane disaster.
GOVERNMENT ASSISTANCE can help builders and investors develop new properties. Currently over $260 million is available to encourage the construction of affordable rental housing.
MORE THAN 101,000 Mississippians still live in government trailers, and over 40,000
families live in temporary housing with family or friends.
"Yet amid primitive living conditions, promising signs of Mississippi's comeback are emerging. Federal money to help homeowners rebuild is pouring in, bridges are being replaced and hotel casinos reopened. Schools are ready for children to return."
-USA TODAY, June 25, 2006
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Estimated Cash Flows -
Bayside Park, Mississippi
Rental Income $15,000
Mortgage Payments (I/O, 7.50%) ($ 9,577)
Property Management Fee (10%) ($ 1,500)
Real Estate Taxes ($ 1,200)
Insurance ($ 2,400)
Cash Flow $ 323 |
Bayside Park, Mississippi
$135,880 FOR HOUSE/LOT TURN-KEY
Current Appraisal Price = $161,000
Reservation: $4,500
Down Payment at Contract : $8,500 (due in approx 30 days)
$13,000 Total Cash Required
Builder will contribute $2,000 toward interest payments during construction,
and up to $2,600 toward closing costs.
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| GO Zone Depreciation Benefit
The estimated GO Zone net cash benefit in Year 1 (50% special accelerated
depreciation) assuming $123,000 home value, $61,500 in depreciation, and a
30% tax bracket is $18,450!!! |
Govt Rental Assistance Credit $30,000
A $30,000 forgivable
loan is available through the Small Rental Assistance Program
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Investment Analysis
| Positive Cash Flow |
$ 300 |
| Cash Credit |
$30,000 |
| Go Zone Credit |
$18,500 |
| Equity |
$25,200 |
Total 1st Year Projected
Equity & Cash |
$74,000 |
Please consult your accountant to make sure you can qualify for go zone depreciation credits as everyone's tax situation is unique. The governmental rental credit has to be applied for and approval is required.
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Investment Cash Flow
Our recommended strategy is to hold this property for 3-5 years to get the benefits of full community development and accompanying potential appreciation.
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Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
| Rental Income |
1,250 |
1,306 |
1,365 |
1,426 |
1,491 |
| Mortgage |
768 |
768 |
768 |
768 |
768 |
| Prop Mgmt |
125 |
128 |
131 |
135 |
138 |
| Taxes |
100 |
103 |
106 |
109 |
113 |
| Insurance |
200 |
206 |
212 |
219 |
225 |
| Operating |
58 |
102 |
148 |
197 |
248 |
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| Annual |
690 |
1,220 |
1,775 |
2,358 |
2,970 |
| Incentives |
30,000 |
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| Tax Credit |
18,500 |
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| Equity |
25,200 |
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| Projected Appreciation (6%) |
8,148 |
8,637 |
9,155 |
9,704 |
10,287 |
| Less: Misc & Vacancy |
750 |
784 |
819 |
856 |
894 |
| Totals |
81,788 |
92,429 |
102,540 |
113,746 |
126,109 |
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The above is not a guarantee of your results. Your returns could be higher,
lower, or you could lose money. The length of time to build your house can
vary depending on weather, city inspections, etc. Interest rates can go up or down affecting the type of loan you have. Rents could be higher or lower. Appreciation could be greater or prices could be lower. Your application for rental credit may not be approved. This forecast is based on reasonable assumptions and is not to be considered a guarantee or assurance of any kind that the scenario above will transpire.
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CASINOS DRIVING ROBUST ECONOMIC ACTIVITY |
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Casinos driving a rebirth of the once ravaged region
The extensive rebuilding after Hurricane Katrina has encouraged the growth of this important economic asset. LARGE-SCALE CASINO EXPANSION is now taking place. After Katrina, laws were changed allowing casinos to be built on dry land instead of barges. Currently 8 casinos are open in Biloxi, with 4 under construction... and 8 more are proposed.
Casinos are also open and operating in Hancock County, Bay St. Louis, and Gulfport. The casinos employ thousands of people - on average 2200 per casino - who will need affordable housing.
Casino industry expected to require 40,000 employees, 12 Casinos within 30 miles, will be 3rd largest casino industry in the U.S.
- Tourism expanding due to Baby Boomers and Casinos
- Defense industry infrastructure repaired and growing, significant military presence in the area
- Long term outlook is promising, but some challenges remain
- Rental absorption far exceeds inventory
- Large employers in the area include Northrup Grumman, Chevron, Dupont, Triton Systems, GE Plastics
NASA adding a research facility, shipyard coming in with several thousand jobs
1 BEAU RIVAGE RESORT & CASINO -
opened August 2006
2 SILVER SLIPPER - opened
November 2006
3 ISLAND VIEW - opened August 2006
4 HOLLYWOOD CASINO - opened
August 2006
5 BILOXI GRAND - opened August 2006
6 IP CASINO RESORT AND SPA -
opened December 2005
7 ISLE OF CAPRI - opened December 2005
8 PALACE CASINO RESORT - opened
December 2005
9 BOOMTOWN CASINO - opened
June 2006
10 TREASURE BAY - opens summer 2007
11 HARD ROCK HOTEL AND CASINO -
scheduled to open July 2007
12 ROYAL D’IBERVILLE CASINO
AND HOTEL - approved for
construction
13 BACARAN BAY CASINO RESORT -
$500 million project scheduled
for Fall 2008
14 BROADWATER - $1 billion project
including casino, golf course, 3,375
condominiums, 1,900 hotel rooms
15 Harrah’s - acquisition of old Casino
Magic Resort
16 Proposed - Casino Resort & golf course
17 Proposed - Casino Condo/Hotel & Marina
PLUS - several casinos listed above are
expanding their facilities to include
convention space, ballrooms, and other
facilities.
THOUSANDS OF PEOPLE will be working at
these hotels, and other tourist attractions.
They have to live somewhere...and they
have to be able to afford their homes!
Currently
the shortage of such housing is acute. This translates into a great opportunity for those who understand the future housing and property market of the Biloxi area.
"Biloxi's casinos reported March 19, $86.2 million in gross gaming revenue in February, the largest February in city's gaming history, according to figures released by the mayor's office."
-Gulf Coast News - May 19, 2007
"Harrah's Entertainment and world-renowned singer-songwriter Jimmy Buffett unveil plans for Margaritaville Casino & Resort, a $700-million-plus investment that represents the single largest investment in Mississippi since Hurricane Katrina."
- Gulf Coast News - May 19, 2007
(For more information on the revival of the post-Katrina casino industry, visit
www.gulfcoastnews.com and click on "Current Casino Plans")
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LOCATION CLOSE TO THE CASINOS AND BEACHES |
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Our Gulf Coast Target Area: Bayside Park in Hancock County
Bayside Park is a ready - for - development area meeting all our carefully researched standards for growth and creation of value.
· 30-minute drive from the main casino area of Biloxi, and near four of the new or
proposed casinos
· Perfect area for service personnel working in the tourist/casino industry...I-10 creates an easy commute
· Excellent housing opportunities for families who don't want to live in the center of the casino activity.
· River Walk project approved in nearby Bay St. Louis - 1,650 riverfront residential
units and commercial shopping area... investor confidence is high.
· Casinos and nearby military base form a strong economic base for growth and
expansion.
· Keesler Air Force Base provides over $1.2 billion in economic impact per year in our area
...9,000 military retirees live within 50 miles
...7,900 military and civilian personnel live
off the base ...almost 86,000 military/civilian employees and families live in the surrounding areas
"Officials have approved ambitious plans for a live-work complex along the Jourdan River, signaling continued recovery from Hurricane Katrina and the largest multistory residential development in city history."
-Bay St. Louis SunHerald, April 10, 2007
· In the works: a casino, hotel, and marina complex on the west side of St. Louis
Bay, a short way from Bayside Park
· Government-approved architectural patterns available for the construction of
affordable new homes in the area
Contact us or call us at 1-800-859-9815
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This is an EARLY PHASE opportunity; however, as the community plans get finalized and casinos start operations, we expect LOT PRICE INCREASES and increases in Rents
Now is the time if you've been looking to build a positive cash flow, high upfront cash back income portfolio in the Go Zone opportunity zone.
Contact us or call us at 1-800-859-9815 |
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| HOME SPECIFICATIONS |
General Construction
- Permitting and Impact Fees*
- Monolithic slab on grade**
- Builder’s Risk insurance
Surveys and Lot Preparation
- Boundary stakes
- Foundation and final
Structural and Construction Features and Materials
- Concrete footings
- Steel reinforcement for footings as per engineering
- Site Clear, Hauling, and Fill Allowance up to $4,000***
- Termite soil pre-treatment
- Wood framing
- Tie-down straps (wind load) per engineered drawings
- Pre-engineered roof trusses
- 30 year mildew resistant dimensional roof shingles
- Ridge vent for roof
- Oversized galvanized metal flashing
- Framing lumber culled and crowned for straightness
- 15 Seer high efficiency air conditioning unit
- R-30 blown insulation in ceiling
- R-13 insulation on exterior framed walls
- R-19 insulation in knee walls
- ½” drywall on all ceilings and walls (screwed)
- All ceilings and walls knock down drywall finish
- Vinyl siding and decorative shutters
- Vented white aluminum or vinyl soffit and fascia
- Aluminum or vinyl gutters and downspouts, where required by code
- Culvert pipe and installation as required
- Up to 550 sq. ft. allowance for concrete driveway and walk***
Water System
- Complete well water system and connection to sewer
Kitchen Components and Cabinetry
- All appliances are manufactured by Whirlpool with white finish and are Energy Star rated
- 21 cubic ft. refrigerator with icemaker, range, dishwasher, garbage disposal, and range hood
- Wood grain kitchen cabinets with laminate countertops from Builder supplied choices
Electrical Items
- 200 AMP service at meter
- Electric as per code
- Pre-wired for 2 phone jacks and 2 cable outlets per plan
- Smoke detectors by code
- Exterior receptacles per plan
- Bathroom exhaust fans vented to outside
- All recessed can fixtures as per plan
- Ceiling fan prewire per plan
- Light fixtures by Builder
Plumbing
- Schedule 40 PVC drain, waste & vents
- 40 gallon quick recovery water heater
- Exterior hose bib(s) per plan
- Elongated water closets in all bathrooms (white) by Builder
- Fiberglass tub and/or shower units per plan by Builder
- Moen Chateau fixtures in chrome throughout by Builder
- Stainless steel 50/50 kitchen sink with chrome Moen faucet
Bathroom Features
- Decorator type vanities with full sized mirrors
- Wood grain cabinets with laminate countertops
- Mirrored medicine cabinets
Floor Coverings
- Standard wet areas to be tiled from choices supplied by Builder
- Bedrooms, closets, great room, and dining room carpeted from choices supplied by Builder
Additional Features of Your Home
- Metal Insulated Entry doors
- Deadbolt locks on all exterior doors
- White single hung aluminum or vinyl windows throughout
- 2 ¼” colonial casing and 3 ¼” colonial base, mitered cut base trim
- 6 panel 6’8” interior doors
- High grade paint in flat finish, high grade 35 year silicone caulk, interior trim in semi-gloss enamel
- 4,000 sq. ft. of sod with initial fertilization***
- Landscaping package by Builder
- Attic access
- Front porch under truss with concrete floor
- Ventilated closet shelving by Builder
- Window coverings by Builder
- Hurricane shutter package where required by code
- Mailbox and house numbers by Builder
All pricing is based on a 5,000 sq. ft. standard lot in Bayside Park. Developer reserves the right to change specifications. |
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Please Submit Your Email Below to
Have Local Property Manager Views &
Go Zone Qualification Guidelines Mailed to You |
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The Real Estate Investment Alliance Specializes In:
- Investment Properties In Go Zone Gulfport Biloxi , Mississippi
- Luxury New Construction In Go Zone Gulfport Biloxi
- Go Zone Gulfport Biloxi Luxury Condos
- Go Zone Gulfport Biloxi Luxury Townhomes
- Go Zone Gulfport Biloxi Single Family Homes
- Go Zone Gulfport Biloxi Condo Hotels
- Luxury Preconstruction Condos
- Developer Close Outs in Go Zone Gulfport Biloxi
- Downtown Go Zone Gulfport Biloxi Luxury Condo
- Residential Real Estate in Go Zone Gulfport Biloxi
- Hi Rise Condos in Orange County
- Investment Real Estate in Go Zone Gulfport Biloxi
- Condo Investments in Go Zone Gulfport Biloxi
- Cash Back Incentives for Luxury New Construction
- Condo Cash Back Incentives
- Zero down investments in the Go Zone
- Real Estate Investment in Gulfport, Biloxi Go Zone
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Benefit from our vast investment experience to build real estate investment wealth and achieve your financial goals by investing in hot property markets like Orlando, Palm Beach, Tampa Bay, Miami, Fort Lauderdale, New Orleans, Biloxi, Idaho, Mississippi, Louisiana, Florida, Arizona, Nevada and other areas that possess desirable investment characterisitcs such as solid migration, job growth and great location. |
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