Modern Duplex Investment property located in Fort Myers, Florida. High NET yield of 15.1% & annual cash flow of $10,560

Ref: US252
Selling Price: 69 900 USD
Price: £ 45 649 / 67 501 AUD
Return(%): 15.1
Area: Florida

Property size: 1864 sq.ft.

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Description property in usa

This duplex is located on Ribbon Ct, a nice quiet cul-de-sac in Fort Myers, SW Florida (Zip 33905). It is over 1864 st ft and is close to all amenities including shopping malls, schools and hospitals etc. The duplex has been fully renovated and is has a modern, open and spacious feel to it as you will see in the photos below.

The duplex will rent for 1200 USD per month (600 USD per side). This duplex originally sold for over 180,000 USD but is now on offer via foreclosure at only 69,900 USD! The current price per sq ft is 37.5 USD and a ‘normal’ building cost is around 80-100 USD per sq ft so you can see the huge discount on offer!

· 4 Bed, 2 Bath Duplex Villa in SW Florida
·         Good residential/rental location in Fort Myers
·         Excellent Buy-to-let investment product – hassle free!
·         House size = 1864 sq ft
·         Decking to rear
·         Built in 1978 but fully renovated 2010
·         Fully managed by local property/rental management company
·         High NET yield of 15.1%
·         Rental return = 1,200 USD/month
·         NET annual projected cash flow = 10,560 USD!

This is an excellent investment opportunity and there is a large demand for such multi-unit properties. It is a “Turn-key” investment requiring little input from the investor... full rental management included, no hassle, hands off property investment. There’s no better place to buy great value investment property at the moment than America.

Download the Income and Expenses for this Property

Location and Local Attractions property in usa

Recent USA real estate news stated that, “Nationally, median list prices are down 4 percent year-over-year, averaging $191,900, and according to April housing data from Realtor.com of 146 markets. However, a handful of cities are bucking that trend and have seen list prices grow higher in the last year. Realtor.com lists the Fort Myers / Cape Coral area as Number 1… Up 25.7% year-over-year for median list price (Median list price: $225,000).