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1 bed Condo Orlando FL10201

FL10201

Location: Orlando
Type: Condo
Size: 66 sqm (711 sqft)
Bedrooms: 1
Net Yield: 8.1%
Peak value: $155,000
$65,000
Key Features
  • Business Centre
  • Clubhouse
  • Fitness Centre
  • Gated Community
  • Gym
  • Jacuzzi
  • Nearby Schools
  • Play Area
  • Pool
  • Swimming Pool
  • Tennis Court
  • Tot-lot
  • Walking / Jogging Trails
Key Features
  • Business Centre
  • Clubhouse
  • Fitness Centre
  • Gated Community
  • Gym
  • Jacuzzi
  • Nearby Schools
  • Play Area
  • Pool
  • Swimming Pool
  • Tennis Court
  • Tot-lot
  • Walking / Jogging Trails
Project Description

Immediate rental return with tenant in place. Free Property Management for year 1!!!

Villa Medici is a Mediterranean-inspired stucco faced residence complex with red clay tile roofs located in the heart of Orlando about 10 minutes from Downtown. It is a gated community. With its close position to the I-4 freeway all Orlando attractions are easily accessible, Universal Orlando and I-Drive within 10 minutes, SeaWorld within 15 minutes and Disney World within 25 minutes drive. The beautiful Mall at Millenia is just across the highway offering shopping and dining on more than 1.5 million square feet, the Orlando Premium Outlets are within 10 minute drive. The Cypress Creek Country Club is next door offering golf courses to the lovers of the sport.

Some units have water views as there are ponds with fountains and lush landscaping. The complex has a fully-appointed clubhouse with catering kitchen, 2 refreshing swimming pools, a tennis court, a fully equipped fitness center with raquetball court, childrens playground, dog walk are and picnic area.

This particular unit is tenanted offering return to its buyer from day one.

  • Rental income: $750 / month
  • HOA fee: $242 / month
  • Property Tax: $809/ year
  • ROI: 8.13%
  • Property management: FREE for year 1!
  • Property management: 10% - optional, from year 2
  • Net ROI from year 2, with property management fee discounted: 6.75%
Location