South Florida Foreclosure 507K Profit 44% Equity ID747 Fort Lauderdale, FL
Description: Fantastic opportunity on Fort Lauderdale Beach! A spacious condo located in a contemporary condo building built in 2007! Beautiful gated community right on the sandy beach of the Atlantic Ocean. Offering all the amenities you would ever need to enjoy this relaxing condo! Gated w/ a modern/ tastefully designed lobby w/ doorman and valet, fantastic manager on site, pool, club room, direct beach access.
This is an Investor-Ready Foreclosure. This house didn’t sell at foreclosure auction and is now bank-owned, similar to an REO. Because the banks are anxious to sell these properties, they may be motivated to negotiate.
Short term rental numbers
|Est. Monthly Rental Income||$12,422|
|Est. Rental Income (over 5 yrs)||$745,348|
|minus Seller’s Asking Price||$734,895|
|minus Est. Cost of Repairs||N/A|
|minus Est. Cost of Furnishings||$36,745|
|equals 5 year Equity/Profits of||$2,199,300|
|Need funding:||Get Pre-Qualified|
|View Other Funding Options|
This information is provided by the seller. All numbers, including Estimated After Repair Value (ARV) and Estimated Cost of Repairs are estimates. Please do your own due diligence.