RENTAL HOMES: SMALL INVESTMENT YIELD LARGE RETURNS IN ST CLOUD FLORIDA HOMES

RENTAL HOMES IN ST CLOUD FLORIDA– While news reports of a down housing market may have discouraged many would be homeowners from taking the plunge back into buying Real Estate;  investors flocked at the opportunity to scoop up distressed property at a huge discount. 

Contrary to popular belief,  Investors are not necessarily guys in business suits but rather average people with a basic understanding that timing is everything when it comes to buying and selling real estate. Buy low, sell high.  Declining value means opportunity. 

Investors watched the market here closely. As the glut of foreclosed homes hit the market, they had an ample supply of inventory to choose from. Most were looking for 3 bedroom 2 bath homes in St Cloud Florida. 

Why developments don’t work as good investments.

 While planned developments appeal to the average consumer, novice investors lost their shirts when the housing market peaked back in 2007.  Why?  Savvy investors look at the bottom line. Novice investors don’t. 

 Novice investors,  did not factor in the carrying costs and additional fees as part of their investment properties in St. Cloud Florida.  For that reason sub divisions while appealing to consumers as primary residences are attractive, are losing propositions for seasoned investors who know the burden of additional taxation such as CCD fees and Home Owners Association fees chipped away at their profit margins.

CDD fees (community District Development) are bonds the builders put in place to pay for amenities like sidewalks, street lighting,  club houses, community pools and common areas. These bonds are rolled into the property tax paid by Kissimmee and St Cloud Florida  home owners.

Comparing apples to apples, a 3 bedroom 2 bath home within the city limits of St Cloud Florida (outside of development) may have property taxes within a range of $2000-3000.  A similar home inside a development with  CDD fees would have a tax base of $3000-4000. Not including the additional cost of the home owners association fees.   It is not hard to figure out why they went belly up when the market went flat. They got caught short as value began to decline and the carrying costs were prohibitive from profitable renting.

Rental demand is on the rise.  The hundreds of thousands of people that got caught up in frenzy of the heated real estate market between 2005-2007 have lost their homes. As a result, they are now converted renters. Rents are predicted to rise annually as the demand for housing increases.  A 3 bedroom home in St. Cloud Florida will fetch $900-$950 a month.  A four (4) bedroom home can expect to yield $1200-1500 a month in the St Cloud Florida Area

While it is true that prices have slowly inched up over a year ago, at about a 6% gain, the selection of quality homes has decreased proportionately. What is coming to market now, are homes which have been in the foreclosure process for years in some cases. As a result they need a great deal of work to bring them back to rent-able status. 

 Early on, banks were reluctant to sell to investors, in fact, many would not.  They were holding out for the new wave of first time home owners who would finance the purchase through them giving them one more opportunity to try and recapture their bad debt.  That wave never materialized.  What did materialize were buyers offering cash for investment properties.

In a time where we are seeing values finally starting to rise, sompared to other parts of the country, Osceola County, specifically St. Cloud Homes have seen a median sales price rise on resale properties, which is  currently at $185,200.

Orlando Florida Ice Snow & Show Events Holiday Happenings

Orlando Florida Ice Snow and Show Events Holiday Happenings you will not want to miss  when planning your next visit to the Orlando Area.  Looking for things to do over the Holiday Break?  Florida has a lot happening.  There is truly something for everyone at holiday time here. 

Seeking Snow in Florida?  Do not miss the Harmony Winter Festival, tons of snow, rides, and crafts transform the Community of Harmony into a winter wonderland

If you like snow, you will not want to miss ICE at the Gaylord Palms hotel.

ICE!  The Ice attraction is carved by 40 artisans from China.  This attraction, the only one like it in Orlando. The artistry is amazing and sure to delight visitors of all ages.  A chilly 9 degrees, over 20,000 square-feet; of  hand-carved sculptures will astound you.  Five 30-foot ice slides will thrill you  and this year the Theme is Shrek .  The hotel is festively decorated and features the  “Luminescence Christmas show”.

 

     HOLIDAY LIGHTS, Camera, Action! 

     If you are a fan of Holiday Light Displays you will not want to miss the Osborne   Family Light A Display at Disney’s Holly wood Studios

    The Park magically transforms with over 5 million lights at dusk.  The lights are skillfully synchronized to some of the the most popular and beautifully presented Holiday music. This is a delight to the senses.  Vivid displays, animation, and aerial displays lights are everywhere. A must see when visiting Orlando. 

 

No Visit here would be complete without a visit to a local favorite theme park, Seaworld.

The Clyde and Seymour Stadium transforms into a winter wonderland, with this light- hearted comedic holiday performance.

The cast of characters engaged the audience as the cast and crew eagerly await the arrival of Christmas.

Definitely different from the tradition shows performed throughout the day. This special performance is one you will not want to miss. 

Enjoyable for all ages, the lively show will have you singing along, and laughing. It is a feel good holiday show.

 

The Nutcracker

There are 8  Nutcracker performances in Orlando of the Nutcracker. If you are looking for something out of the ordinary, the number one choice was the Central Florida Ballet’s  Nutcracker performance at the Linda Chapin Auditorium at the Orange County Convention Center 9800 International Drive, Orlando.

Where traditional meets modern day- special effects include pyrotechnics, set to beautiful music, the award winning performance of the Nutcracker has been voted the best one in Orlando (according to CNN) Performances are Dec. 10 and Dec 11, 2011.

With so much to do, why not live here?  Florida residence, receive discounts to many popular attractions. It is  impossible to squeeze everything in on a visit. Florida vacation homes are on sale. Put one on your shopping list.  FREE  list of Florida vacation properties Seach here under Celebration

 

Whether Buying St Cloud Florida Homes & Land, or Selling St. Cloud Homes or Land, Allison will take the time to find out what is important to you, answer your questions, and share important information on current market conditions.

Licensed and Certified we specialize in ALL aspects of residential Real Estate. From contact to closing we are with you every step of the way, answering your questions, overcoming obstacles and getting you to the Closing table as stress free as possible. Our team consists of like minded, friendly knowledgeable Sales Associates who offer outstanding Customer Service. We guarantee you love what we can do for you in making your Home Buying or Selling Experience with us a good one.

St.Cloud Homes & Land, LLC is a full service Licensed Real Estate Agency Providing OUTSTANDING customer service and commitment to excellence for its clients. The best in business, call us 407-545-8002

Serving Celebration, Reunion, Kissimmee, Acadia Estates Vacation Homes, Harmony, Lake Nona. St Cloud Florida

St.Cloud Homes & Land, LLC
Providing Professional Real Estate Services
2490 Bronco Drive
St. Cloud, FL 34771
Phone: 407-545-8002 | Email: Allison@Kissimmee-stcloudflhomes.com