best area to find 3/2 single family home for investment, looking for area with high demand for rent, high cap rate and future capital gain 5-7years

Asked by Yossi Sofer, Tue Apr 24, 2012

i am investor from israel with capital of 300k. budget 60k-80k

Help the community by answering this question:

+ web reference
Web reference:

Answers

2
Irina Karan, Agent, Aventura, FL
Thu Apr 26, 2012
Hello Yossi,

Due to recent foreclosure and short sales, many people in So. Florida are renting.
The vacancy ratio is extremely low, which is great for investors like yourself.

Some areas are more popular than others (more popular are located closer to the beach or in the areas of better schools). High cap rate areas may not be a good investment long term (due to tenants turnover and eviction expenses), while lower cap rates might be really good in terms of capital gain within next 5 years.

For more detailed and confidential discussion,

Irina Karan
Beachfront Realty, Inc.
IrinaKaran@gmail.com
0 votes
Marsha Umans…, Agent, Tamarac, FL
Thu Apr 26, 2012
Yossi,
There are pockets of rental communities in Broward County where you could buy an investment property (a 2/2 or a 3/1) for about $80K. A 3/2 may run a little higher. You would also need someone to manage it since you are out of the country and it is an additional expense of 10% a year. Have you thought about that? Give me a call or e-mail if you would like to discuss further.

Marsha Umansky (you can also find me on skype)
PRAG Realtors, Inc
954-673-1624
maru72@bellsouth.net
0 votes
Hello Marsha

yes of course i thought about it, i already have 2 properties in florida and one of them is a duplex in Miramar, i am calculating the also the property tax, the insurance and i am deducting one month rent for repairs.
do you work in Miramar, sunrise, Pembroke pines, Plantation or Davie area?
Flag Thu May 3, 2012
Search Advice
Search
Ask our community a question

Email me when…

Learn more