Marina Alves Real Estate
MA

Prepared for Rafael Costa

Three to focus on this week

Rafael — here are the three that best fit a cash-flow-plus-appreciation goal in your range. I've put my honest take and the open questions on each. Play with the assumptions on the featured one; the numbers update live. Let's talk Thursday.

Goal · Cash-flowing rental + long-term appreciationBudget · $450K–$750K25% down · foreign national loan
What's next
Let's decide which to tour by Thursday, Jul 16
  1. 1Skim all three and like/dislike so I know your gut read
  2. 2Open the featured condo and adjust the down payment to your comfort level
  3. 3Reply with any you'd want to tour this weekend

Recommendations

3 properties
Long-term rentalPhoto placeholder
Top pickCondo

Brickell high-rise condo

1050 Brickell Ave, Unit 1804 · Miami, FL

$615,000
list price
2 bd 2 ba 1,120 sqftBuilt 2016
Monthly cash flow
+$408
Cap rate
6.6%
Cash-on-cash
2.8%
MA
Marina's take

The most stable of the three and the easiest to lease year-round given Brickell demand. A safe anchor for the portfolio while you decide how aggressive to get on the Orlando play.

Why it fits
  • Walkable Brickell location leases quickly to professionals
  • Building allows 12-month rentals with no seasonal cap
  • HOA covers water, amenities, and building insurance
Open questions
  • Confirm current HOA special-assessment status
  • Foreign-national loan terms vs. the 6.75% base assumption
3 of 3 · #1

Adjust the assumptions

Everything below updates live. These are estimates, not advice.

Agent's assumptions
Down payment25%
$153,750
Interest rate6.75%
$2,992/mo P&I
Monthly cash flow
+$408
Cap rate
6.6%
Cash-on-cash
2.8%
Cash to close
$172,200
down + closing
Value in 5 yrs
$748,242
4%/yr est.
Annual cash flow
+$4,900
Short-term rentalPhoto placeholder

Vista Cay townhome near the parks

5040 Vista Cay Ct · Orlando, FL

$529,000
4 bd 3 ba 1,980 sqftBuilt 2019
Cash flow
+$137
Cap rate
6.2%
Cash-on-cash
1.1%

Highest upside if you're comfortable running a short-term rental. Zoned for vacation rentals and minutes from the parks — the numbers assume conservative 62% occupancy, so there's room above this.

Second home / rentalPhoto placeholder

Victoria Park updated bungalow

712 NE 16th Ave · Fort Lauderdale, FL

$685,000
3 bd 2 ba 1,540 sqftBuilt 1998
Cash flow
-$760
Cap rate
4.1%
Cash-on-cash
-4.0%

The 'live in it sometimes' option. Weaker pure cash flow than the other two, but a single-family lot in Victoria Park holds value well and gives you the most flexibility to use it yourself.