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Buy To Let and Investment Opportunities in Port St Lucie, Florida

This is a fantastic opportunity to invest in one of the hottest markets throughout the treasure coast and the United States. A good monthly income producing investment, with our fully managed long term rental package, or take advantage of the phenomenal growth in the area and realise more than 100% ROI on completion of the property.

Situation: • 30 minutes North of Palm Beach, 90 minutes south east of Orlando, on Florida’s Atlantic Coast • Just a few minutes drive to the Interstate-95 and Florida Turnpike, with fast road links to the North, central and southern parts of the state. • Big name stores, and malls provide excellent shopping facilities for the local population • Numerous golf courses, and other sporting facilities, make the area a magnate for sports stars and professionals, including the New York Mets, who winter in the area. • Large employers, such as QVC, FEDEX, LIBERTY, MARRIOT and many others are based locally, and provide and endless supply of tenants to the rental market

Tahiti Model
3 Bed, 2 Bath, 1618 sq ft under air, 2170 sq ft total floor plan (other models available)

Port St Lucie is still affordable, compared to it’s near neighbours Palm Beach and Ft Lauderdale, and is attractive to the serious investor. The area has enjoyed an extended period of exceptional economic growth, with every indication that this will continue well into the future. There is a shortage of good rental property for incoming residents, and demand continues to outstrip supply, resulting in a sellers market. Rental rates run at between $1100 and $1400 per month on average, and standard tenancies are for a minimum of 12 months. State regulations and professional management provides comprehensive protection for the landlord.

The Tahiti, with it’s 3 bed / 2 bath floor plan, is the most popular design, and achieves highest possible occupancy levels. Economical to run in it’s standard configuration, proves attractive to the local rental market. Below represents typical layout;

The examples below use an interest only mortgage rate of 5% for illustration only. Figures are accurate as of 17 November 2004, but are subject to change. These illustrations should not be thought to constitute any offer of mortgage or guarantee of income. Our mortgage broker will happily supply an accurate Good Faith Estimate for any potential purchase you may decide upon. You should always consult with your financial adviser prior to any investment. PURCHASE PRICE $214,000.00*

* Prices are subject to change at any time, and are dependant on availability and price of suitable building land. The builder purchases lots to order. Illustration 1: The buyer invests 25%, with a 75% LTV mortgage, and plans to rent the property long term;

(inc. Legal Fees, Taxes etc)

$ 53,500.00
This results in:-
 $ 7,811.21
MORTGAGE AMOUNT   $ 61,311.21
APPROX MONTHLY $160,500.00

In this scenario, achieving a rental rate of $1250 per month would provide thefollowing:-

$ 1250.00*
OUTGOINGS: $ 668.75
$ 250.00
NET INCOME $ 231.25

This provides an annual income of approx. 4.6% on initial capital investment, excluding income tax liability. The investor will also benefit from the capital growth, running at above 31% in 2004, at the time the property is

* Rental value fluctuates between $1100-1400 per month depending on availability of

General Information:

A Full management service for the Absentee Owner is provided by the local Property Management company, and includes:

• Locating prospective tenants; running comprehensive credit and criminal record checks to determine suitability.

• Secure tenancy agreements (minimum of 12 months)

• Determine, based on client history, the amount of advance rental required as security deposit. Generally 1 months rent plus 1 month in advance is required. Hold secure all monies paid.

• Collect all rents payable, deal with and resolve any disputes or arrears if necessary.

• Perform regular internal and external inspections of the property to ensure all terms of the lease are adhered to.

• Carry out repairs as necessary.

• Prepare opening and closing inventory. The tenant is required to leave the home in the same condition as when they took possession.

• Send owner a statement of account monthly.

Management Fees

Generally 50% of the 1st month’s rent is paid to the management company to cover expenses of finding the tenant, then $100 per month.

With this developer, certain features are included in a new build home, as standard;

Paramount Quality Homes Corp.



Exterior Features
  • Homeowners Ten year Structural Warranty
  • Concrete Block Construction
  • Roof Trusses engineered for strength and hurricane straps for straps for wind protection.
  • Fully textured masonry exterior finish
  • Steel reinforced concrete foundation
  • Full utility connections
  • Mildew resistant fiberglass roof shingles in a variety of colors
  • 8,000 Sq Ft Bahia Sod and Landscapping
  • Full concrete driveway (per plan)
  • Spacious covered screen-enclosed patio (per plan)
  • Sliding glass doors to patio brings natural sunlight in
  • Choice of white or bronze aluminum windows
  • Accent Stucco Trimband
  • Bonded termite treatment
  • Deluxe paneled steel garage door (per plan)
  • Grade around home perimeter for proper water drainage
  • Concrete walkway from driveway to front door entry
  • Garage coach lights
  • Aluminum Gutters and Downspouts
  • Hurricane Shutter Package (per code-excludes Orlando)

Exterior Features

  • Vaulted textured ceilings (per plan) for spacious look
  • Ceramic tile in kitchen,foyer, utility room and bathrooms (per plan)
  • Wall to wall carpeting
  • Upgraded no wax vinyl floors (Tahiti model)
  • Pool down stairway for attic storage
  • Colonial trim
  • Raised Panel Colonist interior doorsof colors
  • Closetmaid Ventilated shelving
  • Marble window sills
  • Finished walls and ceiling in garage
  • Decorative plant shelves (per plan)

  • Two outside waterproof electrical outlets
  • 200 amp electrical service
  • Copper wiring throughout
  • Twp TV cable outlets and two phone outlets
  • Front door bells chimes installed
  • Pre-wire for garage door opener
  • Four ceiling fan outlets with switch
  • Four ceiling fan outlets with switch
  • Smoke detectors for maximum protection
  • 220 volt dryer outlet

  • Custom mica countertops with upper/lower mica cabinets for incredible storage space (Tahiti,Amanda & Antigua Models)
  • Upgraded Wood Cabinets (Antigua Plus, Islamorada and Carribbcan Choice Models)
  • Oversized pantry for added storage
  • Dishwasher with two wash cycles
  • Venthood with two speed exhaust fan and light
  • Double compartment stainless or upgraded cast Iron Kohler kitchen sink
  • Deluxe 30 range with self cleaning oven
  • Deluxe one touch Moen faucet and sprayer
  • Convenient 1/3-hp disposal in kitchen sink

  • Ceramic decorative tile with accent borders in shower and master tub area
  • Cultured marble custom countertops and sinks
  • Spacious linen clostes
  • Vanity mirrors with separate medicine cabinets
  • Safety protected electrical outlets
  • Ceramic holders and towel bars
  • Master bath garden tub for ultimate relaxation
  • Elongated water closets

  • Seamless copper water lines under slab
  • Recessed ice maker line with cutoff under sink
  • Two outside hose bibs for gardening enjoyment

Total Energy Saving Package
  • Central air conditioning and high efficiency heat pump
  • R-19 ceiling insulation
  • R-4 insulation
  • Insulated steel entrance door with adjustable threshold
  • Water conserving toilets, faucets and shower heads
  • Exterior vented dryer exhaust
  • Energy Miser 40 gallon hot water heater
  • Aluminum Soffits and Roof Ridge Vents helps cool attic
  • Insulated attic ductwork
  • A/C vents in all walk-in closets and laundry room

Build times are averaging more than 12 months from signing of contract, forcing up resale values, and presenting a real opportunity to make immediate profit on

Illustration 2:

The buyer invests 25%, with a 75% LTV mortgage, and sells the property on

$ 53,500.00
( inc. Legal Fees, Taxes etc)
$ 7,811.21
$ 61,311.21

Assuming the build takes 12 months from signing contracts, and the purchase price was agreed at $

(at 31% growth rate) $280,340.00

This provides an immediate return of over 108% on initial investment, before


All mortgage interest payments, management and running costs can be deducted before tax. The capital cost of the home can also be written off against tax over a period of 27.5 years.

Using the same figures from Illustration 1:-

CAPITAL COST $214,000.00

Depreciation of capital cost over 27.5 years, gives:-

(to offset income tax) $ 600.00

With a NET income of $231.25 per month, no personal income tax would be payable.

Capital gains tax is 15% (lower than the UK) but a good accountant will minimize this liability when the property is sold.

The UK and the US have a ‘Tax Treaty’ which ensures that if a return is filed in the US on rental income generated in the country, no further tax will be due when transferring the money back to the UK.

The annual cost of accounting and filing a tax return in the US is approx. $300.00

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Florida Villa Sales