Bye Bye Birdie

I miss the shuttle!

While we are talking about small condo rental opportunities!

There is a foreclosure on the market in Cape Canaveral.  This unit is upgraded and features 1 bedroom 1 bath and listed at $24,900.  The units in this complex have been rented at $650 monthly on a consistent basis.  The monthly fees are $30 which probably means that you would have to insure if you wanted insurance since you would probably be paying cash.

Now if you rented for $650 a month then that would be gross income of $7,800 annually.  Now if you deduct maintenance items and even if you paid a management company you would still be in the black in 5 years or less. 

Jim Bagwell