Orlando, Florida Property Investment Criteria
1. Location:
- Primary Areas: Downtown Orlando, Winter Park, Windermere, Lake Nona, and Dr. Phillips.
- Accessibility: Proximity to major highways, public transportation, and Orlando International Airport.
- Amenities: Close to shopping centers, schools, parks, and entertainment hubs.
2. Property Type:
- Single-family homes, townhouses, condominiums, and multi-family units.
- Commercial properties with a focus on retail and office spaces.
3. Property Condition:
- Preferably turnkey properties or those requiring minimal renovations.
- Clear title with no major encumbrances or liens.
4. Financial Criteria:
- Purchase Price: Competitive market value with a focus on properties that offer potential for appreciation.
- Return on Investment (ROI): Minimum of 6% annual ROI after expenses.
- Cash Flow: Positive monthly cash flow post all operational expenses.
5. Growth Potential:
- Properties in emerging neighborhoods or those slated for future development.
- Areas with increasing employment opportunities and population growth.
6. Exit Strategy:
- Potential for resale within 5-7 years with a projected appreciation rate of at least 3% annually.
- Rental strategy with a focus on long-term leases.
7. Risk Management:
- Comprehensive property and liability insurance coverage.
- Properties outside of high-risk flood zones.
8. Additional Considerations:
- Properties with unique features or historical significance.
- Green and energy-efficient homes.
- Proximity to major Orlando attractions such as Walt Disney World, Universal Studios, and the Orange County Convention Center.