Melissa Yardy St. Pete Beach TOP RETURN ON INVESTMENT DOLLAR.
It’s amazing how well an investor of real estate can do in real estate in our market today. A client of ours just purchased a townhouse in Lake Forest Condominium in Pinellas Park. It a fairly large complex of wooden construction and is located in mid Pinellas county. The purchasers bought the property at $50,000 and put about $15,000 to update the kitchen, bath, carpet and paint and it’s beautiful condition. Based on the rental market they are advertising it for rent for $1500 per month. Their taxes and insurance is about $100.00 per month and the maintenance fee is $385.00 leaving them a net of $1015.00 per month so their earning a whopping 18.7% on their investment, if the
property is rented the whole year and they have no repairs. That’s an incredible return compared to leaving that money in the bank. Now is a good time to buy real estate !! Visit my website www.melissayardy.com