Investments | Cape Coral Real Estate

Lehigh Acres Duplex Deal

Posted: under Investments.
Tags: cash-on-cash, duplex, for rent, investment, Lehigh Acres, wealth

As you may know by now, I am a Real Estate agent working the field, literally knocking on doors. I’m a man of terrain and spend few little times on my desk.

I found a duplex for sale in Lehigh Acres. It’s a nice newer building with 2 bedrooms/2 bathrooms and 2 car garage on each side. I saw also that the owners live in California. As we know, and because of the Real Estate over there, they may need some money. This duplex can be purchased for $60,000! I still need to figure out what can be the rent there, but still, at $500/month each side, you’re looking at a nice 20% return.

I checked the taxes as well, and saw an unbelievable decrease from $3410.95 for 2008 down to $964.79 for 2009!!

Letting the tenant pay for the bill, you may be at an excellent 15% NET return on this one. And if we see a rebound in the Real Estate market, in the US in general, and in Florida in particular, this duplex is definitely a way-to-go.

I’ll say this, let’s put our little money in today’s interesting deals, and so, for the next 3 years, and let’s count our investment on paper by then. My guess is we’ll be very surprised by the increase of our wealth.

What we need to do is act now!