Purchasing an investment property is a great way to earn some additional income.
The key is finding the balance between a property that is both attractive to renters and offers the maximum potential for return on investment.
These three properties in Central Florida all have great investment potential - our professional Central Florida Property Managers explain why.
Mount Dora Cul-de-Sac Home - $119,700
This 3 bedroom, 2 bathroom home for sale in Mount Dora (also featured in top photo) offers more than 1,300 square feet of living area. Potential tenants will appreciate the large backyard and quiet neighborhood - the home is located on a cul-de-sac, so traffic is very light. Additionally, this adorable home features several recent updates, including fresh paint throughout, new laminate flooring in the living room and bedrooms, and new ceramic tile and base cabinets in the kitchen. (Home listed by Carolyn Maimone, Realtor).
Why Invest and How Much Could this Home Rent for?
"This home is a fantastic investment opportunity in a desirable area, just minutes from Downtown Mount Dora. There's no carpet throughout, which is an excellent feature for an income property because there's not an added expense of having to replace it. I foresee the home potentially renting between $1,050 and $1,150." Haley Gerig, professional Property Manager in Central Florida.
Convenient Home in Leesburg - $121,000
This 3 bedroom, 2 bathroom home in Leesburg features a desirable open living area. Its convenient location offers a potential renter nearby hotspots adding to the value and potential rental price. The fenced in backyard provides added privacy, and a two-car garage ensures there is plenty of space for extra toys and storage. (Home listed by Lisa Ann Carter, Realtor).
Why Invest and How Much Could this Home Rent for?
"This property has a split floor plan and 2 car garage. The high traffic areas of the home feature tile which will prevent extensive wear and tear. The fenced-in backyard would be a great addition for any tenant with pets. The home is also close to schools, shopping, and is in close proximity to the Chain of Lakes! This home is clean and in move-in ready condition. This would ensure a quick transition right onto the rental market. I would recommend a rent price of $1,100 per month." Shelly Anderson, professional Property Manager in Central Florida.
Leesburg Country Home - $249,900
This well-maintained 3 bedroom, 3 bath home for sale is a true getaway from fast-paced city living. Set on more than 17 acres, the property offers amazing privacy and nature views, especially from the oversized screened-in lanai. Despite its secluded feel, the convenient Leesburg location offers very easy access to all the necessities. The home also features an efficiency unit separate from the home and complete with kitchenette, air conditioning and independent electrical, well and septic system. (Home listed by Misty Noland, Realtor).
Why Invest and How Much Could this Home Rent for?
“This 3 bedroom, 3 bath home currently has a 12-year renter in place in the efficiency mother-in-law suite, at $550 a month, and it is month-to-month. The main home should rent for somewhere around $1,600 a month. It has a 3-year-old roof with transferable warranty, termite bond with transferable warranty, new carpet and fresh paint, so you’re looking at a potential income of $2,150 a month, and no foreseeable big-ticket repairs. Plus, it comes with a 1-year home warranty." Glenn W. Cowham professional Property Manager in Central Florida.
Interested in these potential investment properties for sale in Central Florida? Click here for their locations and more photos!
Popular
How to Choose an Investment Property - Tips from Property Management Pros
Choosing the right investment property to reach those goals requires serious consideration to mitigate your risk and maximize the profitability of your investment.
Keep Reading
Why You Should be Using a Property Management Company for Your Rentals
Whether you are growing your Real Estate investment portfolio or are looking to rent out a home you own, a professional Property Manager can help.
To view the current status of the homes represented click here.
ERA Grizzard does not guarantee the homes presented are actively for sale. While ERA Grizzard Real Estate strives to keep the information on this site accurate and current, ERA Grizzard cannot guarantee the accuracy, completeness or timeliness of the information contained within these materials.
