Presentation on theme: "THE ULTIMATE INVESTMENT OPPORTUNITY... Up to 60% below market value Guaranteed rental income upto $1,100 per month Expected Capital Growth 100% in 3 years."— Presentation transcript:
THE ULTIMATE INVESTMENT OPPORTUNITY... Up to 60% below market value Guaranteed rental income upto $1,100 per month Expected Capital Growth 100% in 3 years
LOCATION: DOWN TOWN ORLANDO FLORIDA 10 MINUTES DRIVE FROM ORLANDO INTERNATIONAL AIRPORT 15 MINUTES DRIVE FROM DISNEY LAND AND OTHER FUN PARKS WALKING DISTANCE TO LOCAL AMMENITIES CHEMIST / SUPERMARKET / RESTAURANTS AND MORE A BUSY WORKING AREA / WITH LOTS OF AVAILABLE JOBS AND CAREER OPPORTUNITIES THE PERFECT LOCATION FOR LONG TERM RENTAL...
FLORIDA APARTMENTS COMPRISES : - LARGE COMMUNAL SWIMMING POOL - TENNIS COURT - GYMNASIUM - CHILDERENS PLAY AREAS - DOG WALKING AREAS - 24 HOUR GATED COMMUNITY WITH NIGHT GUARD - LUSH COMMUNAL GARDENS WITH SEATING AREAS - CLUB HOUSE / WITH MANAGEMENT/RENTALS OFFICES - CONFERENCE MEETING ROOMS AVAILABLE - OUTDOOR BBQ – PARTY AREAS AVAILABLE TO HIRE
THE APARTMENTS: Each apartment boasts large and spacious interior with bright open feel and full use of all facilities. Apartments do slightly vary but generally include: - 3 bedrooms (master very large) - 2 bathrooms – 1 master – 1 en-suite - Utility room with washer and dryer - Kitchen – with utilitys – oven/hob/extractor/ fridge/freezer/wine fridge EACH APARTMENT COMES UNFURNISHED AND READY FOR RENTAL!!
THE RENTAL INCOME: Orlando is split between 2 rental options – HOLIDAY & LONG TERM rental. Some areas will permit long term rental with no short term – and others short term with no long term rental. They are very strict in the states with regards to the rental type and must not be ignored. This is mainly due to the big difference in the communal charges and property taxes. Florida Apartments is a LONG TERM rental complex and has low HOA – management / communal charges and also very low property tax – these are in the region of $200 p.cm and includes maintenance of all communal areas and exterior building. If this were holiday rental it would be more in the region of $1,200 p.c.cm Rental incomes are currently set between $900 - $1,100 p.c.m
CAPITAL GROWTH : WITH THE PURCHASE PRICES BEING SO HIGHLY DISCOUNTED – DUE MAINLY TO THE LENDING CAPABILITIES IN THE USA AND THE ECONOMIC CLIMATE – WHEN MORTGAGE FACILITIES ARE RE- LAUNCHED FOR CONDOS – APARTMENTS LIKE THESE SHOULD VALUE – WORST CASE SCENARIO AROUND $125,000 - $150,000. AT THIS POINT EVERY APARTMENT OWNER WILL HAVE THE OPPORTUNITY TO FINANCE THE APARTMENTS AND RELEASE CAPITAL. ON THE OPTION 70% LTV – THIS WOULD MEAN YOU WOULD RELEASE YOUR FULL INVESTMENT + PROFIT AND STILL LEAVE 30% EQUITY. THE MONTHLY RENTAL INCOME SHOULD THEN COVER THE MORTGAGE PAYMENTS!!!
WHATS NEXT... PART 1: DUE TO THE NATURE OF THIS DEAL AND HOW GREAT THE INVESTMENT IS, WE HAVE A LIMITED NUMBER OF APARTMENTS AVAILABLE, AND THE ONES WHICH ARE SELL IMMEDIATELY. TO ENSURE YOUR PURCHASE WE REQUIRE: - A COPY OF YOUR PASSPORT - A RESERVATION FEE OF £3,000 - $5,000 - A BANK ACCOUNT SHOWING THE FUNDS AVAILABLE TO PURCHASE IF FOR ANY REASON WE ARE UNABLE TO FIND YOU AN APARTMENT OR SATISFACTORY COMPARISON THEN THIS FEE WILL BE REFUNDABLE – IN THE UNLIKELY EVENT YOU DECIDE TO CANCEL FOR REASONS OTHER THAN THIS YOUR FEE WILL NOT BE RETURNED.
WHATS NEXT... PART 2: ONCE YOUR APARTMENT AND PAPERWORK HAS BEEN CONFIRMED AND BANK APPROVED – THEN THE CONTRACTS WILL BE DRAWN UP AND WILL NEED TO BE SIGNED. WHEN CONTRACTS HAVE BEEN SIGNED YOU WILL HAVE A 30 DAY PERIOD IN WHICH TO TRANSFER THE BALANCE OF FUNDS. WHEN THE FUNDS HAVE CLEARED – THE PURCHASE WILL COMPLETE AND YOU WILL BE SENT FULL TITLE AND HAVE OWNERSHIP OF THE PROPERTY. WE WILL THEN ORGANIZE THE RENTAL AND MANAGEMENT OF YOUR PROPERTY – WE AIM TO HAVE EACH APARTMENT RENTED WITHIN 1 MONTH OF COMPLETION.
PROJECT SUMMARY: GREAT LOCATION – GREAT FACILITIES – GREAT RENTAL – LOW COSTS - UNBELEIVABLE RETURNS!!! PURCHASE PRICE 2006/07 - $185,000 - $225,000 TODAYS PURCHASE PRICE - $75,000 RENTAL INCOME - $900 - $1,100 P.C.M EXPENSES – PROPERTY TAX AND HOA MANAGEMENT – APROX $200 RENTAL COMMISSION -10% $610 - $790 IN YOUR POCKET EVERY MONTH! THIS IS A WIN – WIN INVESTMENT WITH GREAT RENTAL PROFIT AND OUTSTANDING CAPITAL GROWTH POTENTIAL!!!
INVESTMENT BREAKDOWN – EXAMPLE – 24 MONTH PURCHASE PURCHASE TODAY - $75,000 RENTAL INCOME – MINUS ALL EXPENSES - $700 P.M - $8,400 P.A ANNUAL RETURN ON INVESTMENT – OVER 11% P.A YEAR 1 - $8,400 - YEAR 2 - $8,400 - TOTAL INCOME $16,800 FINANCE @ 70% LTV – YR 3 – VALUATION $130,000 – MORTGAGE $91,000 EQUITY RELEASE - $91,000 EQUITY REMAINING IN THE PROPERTY - $39,000 ESTIMATED INTREST RATE 5% - $4,550 CAPITAL PROFIT@ END OF YEAR 2 $55,000 RENTAL PROFIT @ END OF YEAR 2 $16,800 TOTAL PROFT @ END OF YEAR 2 - $71,800 PLUS A POSITIVE CASHFLOW RENT AGAINST MORTGAGE - $3,850 P.A