Great Condo in historic Mt. Dora. Tenanted with great yield!!!
Beds: 1 Baths: 1 Heated Sq ft: 624 Year Built: 1979
Approved Price: $36,900
Estimated Closing Costs: $700
Estimated Repairs: $300
Approx Total Price: $37,900
Estimated Monthly costs:
Condo Association Fee: $190
Total Monthly costs: $322
Est. Monthly Rental: $650
Est. Net Annual Rental: $3,936
Est. Net Rental Yield: 10.1 %
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!
For more info on Mount Dora