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Investment Properties · Real Estate Consulting · Property Management

Grand Reserve at Kirkman Park

Posted on June 29, 2012
3373 S KIRKMAN RD #916, ORLANDO, FL 32811
Wholesale Price:$59,900 Square Feet:1,077
Bedrooms:2 Rehab Needed:$4,500
Bathrooms:1 Year Built:1999

Highly desired Metrowest condo 1 mile from Universal Studios entrance. This community features a man-guarded gate, upscale clubhouse and workout facility, luxury pool and spa, tennis courts & car wash area.  Many of these are selling in the mid 70′s to low 80′s right now.

EquityCash Flow
Estimated Market Value:$74,875Monthly Rent Income:$900
Annual Rent Income:$10,800
Purchase Price:$59,900Property Insurance:$400
Estimated Rehab:$4,500Annual HOA Dues:$3,708
Closing Costs:$1,600Estimated Property Tax:$950
Purchase Costs:$66,000Annual Expenses:$5,058
Equity:$8,875Net Income$5,742
Monthly Cashflow:$479
Annual ROI:8.7%