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Sunny Isles Beach Luxury Condo Investment Analysis May09
by Ashton Coleman on May 04th, 2009., under Buyers of South Florida, Seller's of South Florida, Sunny Isles Beach Condos
Buyers of South Florida, Seller's of South Florida, Sunny Isles Beach Condos | Tags: condo deals in Sunny Isles Beach, Trump Palace, Turnberry Ocean Colony
 In review of the top condo deals in Sunny Isles Beach today, here are the selected buys..
Trump Palace ~ 18101 COLLINS AV # 1403
Paid $310k in 03/2006
On Market Since 11/2008 Orig. $750k
Taxes (2008) $7,357 (Homestead)
Maintenance $939 (x12) $11,268
Rental Income $3000 (x12) $36,000
Rental Service Fee $3000
TOTAL = $21,625 (costs) – $36,000 = $14,375 (2% ROI)
18101 Collins Ave # 4208
Paid $1.040M on 3/2008
On Market Since 04/2009 Orig. $1.299M
Taxes (2008) $19,985.89
Maint $1,426 (x12) $17,112
Rental Income $4250 (x12) $51,000
Rental Service Fee $4250
TOTAL = $41,347.89 (costs) – $51,000 = $9,652 (1% ROI)
18101 Collins Avenue #PH5202
Paid $850k in 08/2006
On Market Since 08/2008 Orig. $1.3M
Taxes (2008) $16,372
Maint $1,020 (x12) $12,240
Rental Income $3,250 (x12) $39,000
Rental Service Fee $3,250
TOTAL = $31,862 (costs) – $39,000 = $7,138 (1% ROI)
18101 Collins Avenue #1406
Paid $650k on 12/2006
On Market Since 08/2008 Orig. $650k
Taxes (2008) $8,596
Maint $881 (x12) $10,572
Rental Income $2,250 (x12) $27,000
Rental Service Fee $2,250
TOTAL = $21,418 (costs) – $27,000 = $5,582 (1% ROI)
Turnberry Ocean Colony ~ 16051 Collins Avenue #2602
Paid $984,400 on 06/2006
On Market Since 3/2009 Orig. $1.395M
Taxes (2008) $20,130
Maint $2,500 (x12) $30,000
Rental Income $5,500 (x12) $66,000
Rental Service Fee $5,500
TOTAL = $55,630 (costs) – $66,000 = $10,370 (1% ROI)
Discrepancies, Questions, Inquiries? Call.. 1.888.383.7326 or Ashton@MiamiDreamRealty.com
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