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WEST PALM NEW CONSTRUCTION - POSITIVE CASH FLOW INVESTMENT |
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Investment Highlights |
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Type |
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Luxury Condos |
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Address |
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West Palm Beach, FL |
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Pricing |
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$180,000 & up |
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Down Payment |
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10% to 20% |
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Status |
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Completed |
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Projections: |
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1 Br |
2 Br |
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Rental Income |
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$13,200 |
21,000 |
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Real Estate Taxes |
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($2,250) |
($3,250) |
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HOA |
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($3,800) |
($5,280) |
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Property Mgmt |
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($1,320) |
($2,100) |
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Operating Income |
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$5,830 |
$10,370 |
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Cap Rate |
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3.2% |
4.1% |
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Incentives: |
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- Developer Pays Title Fees |
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Year 1 Equity: |
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Equity Vs. Appraised |
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$54,950 |
$77,000 |
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Demographics & Investment Attractiveness |
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- West Palm Beach is a magnet for boomers from the Northeast. Palm Beach is one of the richest per capita income areas in the country and is located minutes away on the other side of the intracoastal. Boomers seeking a Manhattan south lifestyle have been arriving in droves to Palm Beach, averaging roughly 8,000 to 10,000 new additions each year according to Census estimates.
Once the current over supply of units built by over zealous developers is absorbed, we currently estimate around 800 units, West Palm will revert once again to an under supply situation as there have been no new projects announced in the past 2 years.
What this opportunity lacks in cash flow, it makes up in potential for future capital appreciation. Current retail pricing for units in the West Palm Beach area is $300 per sq ft and we expect the market to re-stabilize in that range. The price point remains at the traditional discount to the northeast of roughly half price, creating a compelling reason for retiring boomers to purchase /migrate down to this beautiful county.
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Amenities & Location |
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- There are plans to build a community tennis court, a pool and landscape parks.
- Since Bayside Park is being built from the ground up, it will be a brand new bedroom community conveniently located to casinos, Stennis NASA, Keesler Air Force Base and various other commercial establishments.
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Contact Us For A Free Real Estate Investment Property
Consultation Today |
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| - |
Condo Cash Back Incentives |
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Zero Money Down Investing |
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Go Zone Investing Opportunities |
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Go Zone Low Money Down |
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Precontruction Condos Single Family Homes
and Townhomes |
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Full Property Management |
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Guaranteed Rental Income |
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Developer Buybacks |
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Developer Guaranteed Leasebacks |
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Zero Down Zero Closing Costs |
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Walden Pacific Investment |
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Investment Condos |
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2 3 5 Years HOA and Taxes Paid |
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Go Zone Biloxi Gulfport |
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Phoenix Investments, Orlando Investments |
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Las Vegas, South Florida |
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Tampa Bay Real Estate Investment |
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Hassle Free Investing |
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