I made a research on some of the market’s options in Miami Dade and Broward counties. I have considered the appeal of the building, its location, maintenance costs and rent’s income, selecting the most attractive opportunities, which require an initial investment in a range between $ 225.000 and 300.000.
In the link bellow, you can find details and estimates on the options selected, considering cash purchases, I have taken into account all costs involved including reserves, not necessarily all disbursements must be made annually, so the numbers may even improve.
Also must be considered the property’s appreciation, which in a conventional market is at least a 2 to 2.5% at year. Despite it is true that in some areas the market price is still declining, in many particularly attractive locations, prices have stabilized and started its ascent, with a consistent declining inventory.
|
OPCION |
LOCATION |
INITIAL INVESTMENT |
% ROI |
|
1 |
PLANTATION |
255,123 |
7.57 |
|
2 |
PEMBROKE PINES |
225,740 |
9.91 |
|
3 |
ART DISTRICT – MIAMI |
303,913 |
7.28 |
|
4 |
DOWN TOWN – MIAMI |
292,023 |
7.37 |
|
5 |
BRICKELL – MIAMI |
225,500 |
8.18 |