West Palm Beach Real Estate Investment Property - 901 S. D St., Lake Worth, FL 33460

901 S. D St., Lake Worth, FL 33460 - Asking $103K - Offered at less than 50% of tax value!

2 CBS houses, built 1957, both with new roofs, on one corner lot. Main house is 2 bed/1 bath, Guest house is 1 bed/1 bath, and it does have a kitchen. Located in historic Lake Worth in redeveloping area, new construction nearby.

Main house is rented to a month-to-month tenant who's been there 5 years, has a history of on-time payments, and is paying $800 per month. The guest house is currently vacant and needs work before renting, but once fixed up, should bring in $500 per month. The main house could rent for $900+ once some repairs are made. That brings total potential cashflow to $1,400+ per month!

Property is worth $200K+ after repairs are made.

Real Estate Investors: NOW Is the Time to Buy West Palm Beach Real Estate Investment Property

Despite all of the negative talk you hear in the media everyday, now is actually a GREAT time to buy West Palm Beach investment property, for multiple reasons. First, prices have fallen dramatically. In some parts of Florida, we've seen prices drop over 50%. For example, earlier this week I looked at a foreclosed home in West Palm that had sold 2 years ago for $210,000. Today, it's being offered at $50,000, a savings of over 76% off! That's an incredible difference. Try finding a sale like that the next time you go to the mall.

Second, with falling prices, we've seen a return to a market where investment property will cashflow. A couple years ago, this was virtually impossible to do in Florida. Today, you can buy property that will actually produce enough rental income to pay all of your mortgage, tax, and insurance expenses, and still leave yourself with a nice profit each month.

Many people may worry that the market has not hit bottom yet, but consider this: you'll never know where the bottom is until prices start to rebound, and by that time, prices will have begun rising again. Already, we're seeing an increase in sales figures year over year in many parts of South Florida. Like the stock market, if you can buy within 10% or so of the bottom, you'll do great. Folks, that time is here, if not today, within the next 6 months. Otherwise, you'll be looking back some day wishing you had bought property when it actually made financial sense.

If you're interested in investment real estate in West Palm Beach or other parts of South Florida, visit the links section of our page.