Great Condo in historic Mt. Dora. Tenanted with great yield!!!
Beds: 1           Baths: 1           Heated Sq ft: 624       Year Built: 1979
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 INVESTMENT DETAILS

 

Approved Price: $36,900

 

Estimated Closing Costs: $700

Estimated Repairs: $300

Approx Total Price: $37,900

 

Estimated Monthly costs: 

Taxes: $47

Insurance: $25

Management: $60

Condo Association Fee: $190

 

Total Monthly costs: $322

 

Est. Monthly Rental: $650

 

Est. Net Annual Rental: $3,936

 

 

Est. Net Rental Yield:   10.1 % 

 

Information

Mount Dora is a fantastic town built on the edge of Lake Dora. The town features many restaurants, bars, art galleries, unique boutiques and other attractions. Right now they have festivals of some type going on around the lake weekly, with this weekend featuring the Mount Dora Highland Games.

 

The community is nicely landscaped and anyone we have spoken to at it talk of how quiet it is, with many residents having lived there for a long number of years. There are 2 community pools and 2 laundry rooms for the tenants to use.

 

The condo currently has a tenant on a month to month basis who looks after it well, but is paying below market rent. He is prepared to leave or stay, whichever the new owner decides. When they do leave it will only need a clean and some minor touch up work to be ready to new tenant.

 

Have a look at the Mount Dora promotional clip below, you are sure to be impressed with this picturesque little ole town!

 

https://www.youtube.com/watch?v=rdVlsdiyzmQ

 

For more info on Mount Dora http://www.whattodoinmtdora.com/

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Local Ammenities:

 

Grocery Stores:

Publix

 

Shopping:

The Golden Triangle Shopping Center

 

 

Schools:

UCP of Central Florida

Valencia College

 

 

 

 

 

 

 

 

IRIS International LLC.          Licensed Broker          5401 S. Kirkman Rd, Suite 310            Orlando FL 32819

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