$215,000 Miami Beach holiday let investment

2 studio apartments located in a lovely Art Deco buiding on Indian Creek Drive, a prime location just steps from Miami Beach. The 2 spacious furnished units are in high demand. Satisfy the need for reasonable short term rentals on fabulous Miami Beach! Enjoy vacations of your own in Miami whenever you like (although this will reduce the rental income obviously. KEY FIGURES: Purchase Price:  $215,000   RENTAL INCOME:  $48,000  (Projected) OUTGOINGS: Taxes:   $1,440 HOA:     …

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2 studio apartments located in a lovely Art Deco buiding on Indian Creek Drive, a prime location just steps from Miami Beach. The 2 spacious furnished units are in high demand.

Satisfy the need for reasonable short term rentals on fabulous Miami Beach! Enjoy vacations of your own in Miami whenever you like (although this will reduce the rental income obviously.

KEY FIGURES:

Purchase Price:  $215,000

 

RENTAL INCOME:  $48,000  (Projected)

OUTGOINGS:

Taxes:   $1,440

HOA:      $5,484

Management:  $7,200  at 15% of income. This could be reduced substantially with a hands on investor.

TOTAL OUTGOINGS:  $14,124

NET INCOME:  $33,876

THE NET YIELD COULD THEREFORE BE A FANTASTIC 15.8%

For further information or to reserve this property, please complete the enquiry form as soon as possible.