Call Us Today:: +44 (0)207 100 2393"
Call Us Today:: +44 (0)207 100 2393"
Prices from $89,900 / £56,000
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Last week, while out shopping, I got chatting to my Swedish friend, Jon. He's been looking to invest in Florida for some time now. But, of course, no one's prepared to lend him the money.
Well, Jon, I have some news. Remember I told you I just might have something for you? You laughed, but I did have this up my sleeve and was just finalising the due diligence.
If you can find 70% of the purchase price (which starts at just $89,900 or £56,000), you could be the proud landlord of a luxury Miami apartment or townhouse. The developer will guarantee the other 30% via a non-status loan, and there are long-term tenants and on-site, hassle-free management in place.
The Courts at Bayshore are classy, two- and three-bed apartments with vaulted ceilings, patios, balconies and lush landscaping. There's a modern kitchen and bathroom. And all in a gated community at Cutler Bay.
However, it's the investment opportunity you'll love the most. Buy now and not only are your 2012 council taxes paid, but you'll also enjoy that 30% Loan-to-Value Non-Status Finance. In short, this means that once you've got 70% of the purchase cost available, you're GUARANTEED to have the other remaining balance financed – no questions asked.
The other key factor here is that The Courts are tenanted – long-term – and, for a fee of just 8%, you get on-site property management. You just let it and forget it. Your tenants will love the location – right next to Black Pointe Marina, great shopping, schools, dining and major expressways. As part of the Isles of Bayshore, they also enjoy all the amenities of the exclusive clubhouse.
This incredible gated community features three unique floor plans and is centrally located in South Miami, Cutler Bay near the Florida Turnpike and US-1.
The Courts at Bayshore offers manicured landscaping, excellent customer service and maintenance, a tranquil community, and beautiful residences at an affordable price.
Standard features include impact glass, window treatments, complete Whirlpool appliances with washer and dryer, walk-in closets, balconies and courtyard views/accessibility, among many other features.
| The Courts at Bayshore | ||
|---|---|---|
| Unit Details | Luxury Apartment 2 Bed / 2 Bath | Luxury Townhouse 3 Bed / 2 Bath |
| Size | 925 sq ft | 1403 sq ft |
| Purchase Price | $89,900 / £56,000 | $102,900 / £64,000 |
| Bedrooms / Bathrooms | Two / Two | Three / Two |
| Purchase Costs | ||
| Management Setup | FREE | FREE |
| Closing Costs (lawyer, title insurance, recording fees, search fees, HOA advance etc) |
$2,500 | $3,000 |
| Total Estimated Costs | $2,500 | $3,000 |
| Monthly Rental Income | $985 | $1,175 |
| Monthly Running Costs | ||
| Management (8%) | $79 | $94 |
| FREE: 2012 Property Taxes Paid (Council Tax) | FREE | FREE |
| Community Fees | $276 | $289 |
| Monthly Net Cash Flow (Cash In Your Pocket) |
$630 | $792 |
| Net Rental Yield | 8% | 9% |
| The Courts at Bayshore | ||
|---|---|---|
| Unit Details | Luxury Apartment 2 Bed / 2 Bath | Luxury Townhouse 3 Bed / 2 Bath |
| Size | 925 sq ft | 1403 sq ft |
| 70% Down Payment | $62,930 / £39,000 | $72,000 / £45,000 |
| Non – Status Finance (Limited Availability) | $26,970 / £17,000 | $30,900 / £19,000 |
| Purchase Price | $89,900 / £56,000 | $102,900 / £64,000 |
| Bedrooms / Bathrooms | Two / Two | Three / Two |
| Purchase Costs | ||
| Management Setup | FREE | FREE |
| Closing Costs (lawyer, title insurance, recording fees, search fees, HOA advance etc) |
$2,500 | $3,000 |
| Total Estimated Costs | $2,500 | $3,000 |
| Monthly Rental Income | $985 | $1,175 |
| Monthly Running Costs | ||
| Management (8%) | $79 | $94 |
| FREE: 2012 Property Taxes Paid (Council Tax) | FREE | FREE |
| Finance (7% Interest Only) | $158 | $181 |
| Community Fees | $276 | $289 |
| Monthly Net Cash Flow (Cash In Your Pocket) |
$472 | $611 |
| Net Rental Yield | 6% | 7% |
If you don't want to make a full cash purchase, you can take advantage of the 30% Non-Status Finance Option. If you've got a smaller amount of capital outlay or you want multiple units, you can enjoy:
When that balloon payment is due, with the Florida market now in the recovery phase, there's a strong possibility that the mortgage market will be fully recovered. This means you can re-finance your investment and might not even need to make the balloon payment. Alternatively, you could look to sell your investment before the balloon payment is due.
Estimated capital growth projection for a $100,000 property at The Courts at Bayshore.
Compound Growth Calculation
Timing your entry and exit in a property market is a key element in becoming a successful investor. The diagram below shows a typical property market cycle.
The eagle-eyed property investor should invest at the end of a recession, the bottom, or the recovery stage, whilst looking to realise profits by selling or by releasing equity during the expansion and peak stages.
Many experts have now concluded that Florida’s Real Estate market is entering the recovery stage.
Investing in The Courts at Bayshore is as easy as 1-2-3. This is all you have to do:
Due to the high demand for The Courts at Bayshore and the limited supply, the best units are being reserved daily. In order to avoid disappointment, please contact us today for the latest prices and availability.
“Thank you for showing me around The Courts at Bayshore. I really like the community and I am glad that I was early enough to take advantage of the non-status finance option.”
Lee Chin, Hong Kong – invested in 2 units at the Courts at Bayshore
“I have been searching for a tenanted apartment in Miami for over two years. Unfortunately, the majority was outside my price range. I am glad that I saw this opportunity. On top of that, I really appreciate that you charge no finder’s fee and setup my USA bank account as well. (In Sweden, the company there was looking to charge me $5000 for finder’s fee) Overall, I must say that your service is simply outstanding.”
Lars Oland, Sweden - invested in 1 unit at The Courts At Bayshore
“Hi Alistair, It has been a pleasure and indeed very straightforward dealing with yourself and your company. We are very happy confident that this will work out to be a great investment for us.”
Jacob and Pamela Watson, United Kingdom - invested in 1 unit at The Courts At Bayshore
You can be rest assured that when you purchase a property from Colordarcy that we will not add on a finder’s fee.
The developer/seller is responsible for our remuneration – not you.
We are a full service company and, as such, we make it easy for you to purchase at The Courts At Bayshore. Below you will find a list of some of the services you can expect when you purchase a property from Colordarcy.
We process all relevant paperwork
We open your US bank account
We apply for non-resident tax numbers
We manage the property on your behalf
We find you reliable tenants
We provide property maintenance and refurbishment services
We provide currency management services – to ensure you obtain the best rates
We introduce you to taxation specialist that can advise on your specific tax situation
We provide Aftercare services from our UK client management contact centre
We provide Before and Aftercare.
No other Florida property investment specialist provides such a comprehensive service.
The Florida market is in recovery right now. Prices are only going one way from here. And now, with 30% Loan-to-Value Non-Status Finance, no finder's fee payable and prices from just $89,000 / £56,000, this is the time to make your move.
Be quick. If you're after the 30% Loan-to-Value option, we recommend that you contact us straight away to avoid disappointment (strictly limited availability). This is proving VERY popular.
For more information and to receive your “FREE The Courts At Bayshore Brochure,” please Call +44 (0) 207 100 2393 or Email us Today.
Loxley McKenzie
Managing Director
P.S. Remember to move quickly to secure your Miami property investment. Don’t miss this one.
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Company Number: 6377862 | VAT Number: GB 911 9847 06
Head Office: 35 New Broad Street, London, EC2M 1NH, UK
Telephone: +44 (0)
207 100 2393
| Facsimile: +44 (0) 207 101 7736 | Email: info@colordarcy.com
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