| |
Income Property & Cash Back Investments
|
|
|
Turnkey Investment Condos
|
Real Estate Investment Advice
|
|
|
|
|
Real Estate Investment Clubs
|
Real Estate Investing Articles
|
Real Estate Investing Resources
|
|
|
|
|
|
 |
|
|
ORLANDO CONDOS - POSITIVE CASH FLOW INVESTMENT |
| |
 |
Investment Highlights |
 |
|
| |
| |
Type |
: |
Condos |
|
| |
Address |
|
Oviedo, FL |
|
| |
Pricing |
: |
$138,000+ |
$164,400+ |
|
| |
Down Payment |
|
10 to 20% |
|
| |
Status |
: |
Completed |
|
| |
|
|
| |
Projections: |
: |
1 Br |
2 Br |
|
| |
Rental Income |
|
$10,800 |
$13,200 |
|
| |
Real Estate Taxes |
|
($2,200) |
($2,650) |
|
| |
HOA |
|
($2,000) |
($3,132) |
|
| |
Property Mgmt |
|
($0) |
($0) |
|
| |
Operating Income |
|
$6,600 |
$7,400 |
|
| |
Cap Rate |
|
5% |
5% |
|
| |
|
|
|
|
| |
Incentives: |
|
|
|
| |
- Developer Pays Property Mgmt for 2 Years |
|
| |
|
|
| |
Year 1 Equity: |
|
| |
Equity Vs. Appraised |
|
30% |
30% |
|
|
|
| |
 |
 |
 |
Pricing : $138,000 & up |
 |
 |
Description |
Villas Lakeside Orlando is an institutionally-owned community offering unique amenities, architectural details and superior interior finishes. Built in 1998 by Lane Company, the Property offers five distinct floor plans, which include a mixture of one-, two-, and three-bedroom units that average a spacious 946 square feet. Unit interiors contain a long list of luxury amenities including ceramic tile foyers, full-size washers and dryers, ceiling fans, walk-in closets, and intrusion alarms. Residents enjoy a comprehensive list of community amenities including an elegant clubhouse, state-of-the-art fitness facility, executive business center, resident club room with full kitchen, a resort-style swimming pool with heated spa, large sundeck, veranda and detached garages. |
 |
|
 |
|
|
| |
|
| |
| |
|
Additional Information |
 |
-
Incentives Summary:
Option A:
Seller Provides 10% Down Payment Assistance
Seller Pays 3% Seller's Concession Toward's Closing Costs
Seller Pays 2 Year's Mortgage Payments (Paid based on 90% LTV Loan at 7.25% Interest Only)
Seller Pays 2 Year's Taxes
Seller Pays 2 Year's No HOA (Maintenance) Fee's
Seller Pays 5% Management Service Cash Credit to Buyer (received within 30 days of closing)
Note: (2 Year's No Mortgage Payments and No Taxes are paid through a 24 month leaseback program)
Option B:
Seller Pays 10% Down Payment Assistance
Seller Pays 3% Seller's Concession Toward's Closing Costs
Seller Pays 1 Year Mortgage Payments (Based on 90% LTV Loan at 7.25% Interest Only)
Seller Pays 1 Years Taxes
Seller Pays 1 Year HOA (Maintenance) Fee's
Seller Pays 11% Management Service Cash Credit to Buyer
-
Villas is located in the northeastern Orlando suburb of Oviedo approximately 15 to 20 minutes from downtown Orlando. Oviedo is situated in Seminole County and provides an outstanding residential atmosphere with one of the highest rated school districts in the nation. Over 80% of all high school graduates of the Seminole County Public School System go on to pursue higher education and a person can go from preschool to a post-graduate degree all within five miles of Oviedo. Villas offers frontage on The Central Florida Greenway (S.R. 417) and is located in close proximity to the Oviedo Marketplace Mall, the University of Central Florida and major local employers. High tech and professional jobs are mainstream for Oviedo where income demographics are amongst the highest in Central Florida. Civic and social groups round out Oviedo in a way that allows a hometown atmosphere to prevail in an ever-growing environment.
-
Favorable Demographics |
|
The area surrounding the project exhibits favorable demographics for the planned conversion to for-sale condominiums:
|
- |
Population growth within a one- and three-mile radius over the next five years is projected at approximately 11% and 14%, respectively, well above the national average. |
- |
Average household income within a one- and three-mile radius is estimated at $91,347 and $93,544, respectively. |
.
- Built Year: 1998
-
Buildings |
Twelve (12) 3-story apartment buildings plus clubhouse |
|
|
|
|
|
|
Unit Mix |
Unit Type |
|
# Units |
|
% Mix |
|
SF/Unit |
|
Total SF |
|
|
|
|
|
|
|
|
|
|
|
1 BR/ 1BA |
|
36 |
|
12% |
|
620 |
|
22,320 |
|
1 BR/ 1BA |
|
48 |
|
16% |
|
720 |
|
34,560 |
|
2 BR/ 1BA |
|
52 |
|
18% |
|
910 |
|
47,320 |
|
2 BR/ 2BA |
|
118 |
|
40% |
|
1,041 |
|
122,838 |
|
3 BR/ 2BA |
|
40 |
|
14% |
|
1,277 |
|
51,080 |
|
|
|
|
|
|
|
|
|
|
|
Total / Average |
|
294 |
|
100% |
|
946 |
|
278,118 |
|
|
Community Amenities |
|
Unit Amenities |
Amenities |
- |
24-Hour Fitness Center |
- |
Private Terrace or Veranda |
|
- |
Stunning Pool with Jacuzzi Jets |
- |
Spacious Kitchen Pantries |
|
- |
Tanning Deck |
- |
Full-Size Washer and Dryer |
|
- |
Scenic Lake Views |
- |
Custom-Designed Kitchen |
|
- |
Business Center |
- |
Whirlpool Appliances |
|
- |
Two Lighted Tennis Courts |
- |
Expansive Walk-In Closets |
|
- |
Detached Garages with Auto Remote |
- |
Crown and Chair Rail Molding |
|
- |
Elegant Community Clubhouse |
- |
Ceiling Fans |
|
- |
Playground |
- |
Outside Storage Area |
|
- |
Car Care Center |
- |
Designer Color Scheme |
|
- |
Private Jogging Trail |
- |
Double-Basin Stainless Steel Sinks |
|
|
|
Parking |
558 open spaces (1.9 per unit) plus 28 detached garages |
|
|
 |
 |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
|
| |
 |
 |
| |
Contact Us For A Free Real Estate Investment Property
Consultation Today at 1-800-859-9815 |
| |
| - |
Condo Cash Back Incentives |
- |
Zero Money Down Investing |
| - |
Go Zone Investing Opportunities |
- |
Go Zone Low Money Down |
| - |
Precontruction Condos Single Family Homes
and Townhomes |
- |
Full Property Management |
| - |
Guaranteed Rental Income |
- |
Developer Buybacks |
| - |
Developer Guaranteed Leasebacks |
- |
Zero Down Zero Closing Costs |
| - |
Walden Pacific Investment |
- |
Investment Condos |
| - |
2 3 5 Years HOA and Taxes Paid |
- |
Go Zone Biloxi Gulfport |
| - |
Phoenix Investments, Orlando Investments |
- |
Las Vegas, South Florida |
| - |
Tampa Bay Real Estate Investment |
- |
Hassle Free Investing |
|
|
 |
|
|