I just sold a unit in the 32940 zip code to a buyer whose intention was to rent it out. The unit was a 2 bedroom, 2 bath, and sold as a short sale for $70,000. In less than 1 week, the new owners had it rented for $800 per month. Other complexes in the 32940 area have had leases in the last 2 months as high as $1,100.
If you are planning to finance your purchase, it may limit your options as to which condo you can buy. Unless you are putting down at least 20%, lenders won't touch complexes that are not "warrantable" by the FHA standards. Unfortunately, many complexes have a percentage of owners who are delinquent on their association fees and/or the association does not have enough in reserves to meet the requirements. I can better explain this to you and check on the complex referred to in your question if you want to call me with a bit more information. I would also be happy to help walk you through finding the appropriate unit to purchase and later rent. My directly phone number is (321) 604-8930.
Now if you really wnat something profitable. I have a connection with a compnay selling Condo-Hotel units in a wonderful country that everyone has been flocking to, and will pay up to $500 a night just to stay there. Now that is porfitable and makes your payments at the same time. If you want more information on it, or any investor for that m,atter that reads this, e-mail me with all the ways I can get in touch with you and we will talk about , how, where and when. Send me an e-mail at , email@example.com. call me at (321) 480-2544, please use est time when you call. between 9 am and 8 pm my time