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3 bedroom detached house for sale

USD $68,500

USA - Florida, Lake County, Eustis

like this property?

Call: 03339 395809

Key features:

  • Garden
  • Spacious
  • Great Rental Yield
  • Garage
  • Block Construction

Full description:

What a great opportunity for someone wanting a house for less than $70,000. The house has just had a freshen up & now has tenant ready to move in on the 1st March. It has tiled floors throughout, which are perfect for a rental house, or any Florida house for that matter. All rooms have been painted, and the bathroom and kitchen tidied up. Now this is complete it is a very rentable house.

Eustis is located a couple of miles from Mount Dora, and is also built around a lake. Right now there is a new road under construction which will link Orlando in approximately 20- 25 minutes, which is sure to be a big part of the growth of Eustis.

The downtown area has regular community events, including farmer's market and the monthly custom car show.

http://www.eustis.org/events/events.html


Estimated Running Costs and Rental Income:

Monthly costs: Taxes $70, Insurance $50, Management $80 = Total $200

Purchase Price: $68,500 + Approx closing costs $1,800 Price $70,300

Monthly Rental: $855

Est. ROI 11.2%

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Orlando (International), 65.7 miles
  • Daytona Beach (Domestic), 72.6 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Iris International, Florida

5728 Major Blvd Suite 730 Orlando
03339 395809  Local call rate
About Iris International, Florida

Originally from Dorset, England, Reeve has called Central Florida home for the past 17 years. He graduated from the University of Central Florida in 1999 with a B.A. in Advertising and Public Relations and shortly after starting working in the family business of Real Estate and Property Management.

Reeve has been a Licensed Florida Realtor for the last 6 years, starting his career selling vacation homes in the Disney area. His portfolio then transitioned from residential buyers to investors. Through his marketing efforts at international, property trade shows, he was able to capture the attention of foreign investors and quickly gained international credibility with their investment groups selling them single family investment properties. Since then, Reeve has specialized in working with out of state and foreign investors.

Due to the recent mortgage crisis and the crippling effect it has had on the US Real Estate market coupled with the appallingly low interest rates being paid on typical savings accounts, he found himself forced from being a Realtor earning commissions to becoming a Real Estate investor.

After months of research, Reeve identified certain areas in Central Florida That provided greatly discounted properties and offered rental returns that, even with today’s low rental rates, gave double digit returns on investment. However, even as a license Realtor, he found attempting to purchase these properties through traditional methods to be a frustrating, time consuming and fruitless exercise. After making hundreds of offers over several months he realized the true challenge was to able to successfully acquire these properties in a highly competitive marketplace. Fortunately, his persistence and relentless networking with reliable and efficient sources gained him access to the most desirable foreclosure properties.

Currently, Reeve works with agents and investors throughout the world that have lined up to take advantage of the incredible investment opportunity that Central Florida has to offer.


Disclaimer

This is a property advertisement provided and maintained by Iris International, Florida (reference Hollywood_Ave_Eustis) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

or call 03339 395809
Calling from outside the UK? 0044 20 7096 0839

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