Anna Maria Island single residential real estate even after our 2006-2007 correction appreciates at 10% year over year on average.  So if you can find an investment that pays for itself through vacation rentals, life is really good!  Right?

On Anna Maria island vacation rentals are extremely popular.  Anna Maria Island is located on the Gulf Coast of Florida and there are two buildings above 37′ and that is it…no more.  So no chain hotels which lends itself to an very good vacation rental market.  We have seven miles of Gulf Coast and about two miles of the Tampa Bay Coast and the island at its widest point is about 10 blocks.

Currently there is a 4-5 bedroom on the market for $425,000.  It’s  2 blocks to the Gulf which means it should rent fairly well.  There is no pool but a GOOD pool would cost $40k and furniture, fix up would be another $50k….so up front capital of $80k down, and $90k for pool etc…$325,000 mortgage should be about $2,000 per month, property taxes $6k/yr, insurances $5k/yr, op costs $500/month.  So, carry the one, hmm, hmm, yup if I did my math correctly $3400 expenses per month including DEBT expenses.

Now for gross income.  The gross income on similar properties would be at least $55k with an UPSIDE of $65k minus a commission of 20% for management.  Lets remain conservative, income AFTER commission = $44k.  Income per month ——-$3666 per month.  Ta Da!!!

So, expenses per month INCLUDING DEBT service = $3400
NET Income per month                                         = $3666

Lets just call it break even.  

In summary, for $170k in capital you too can create a 10% deferred savings account of $1,100,000 that you can cash out in 10 years.  That’s almost 6.5 X your original investment of $170k!  Boy who doesn’t love Real Estate!!!

For more information on Anna Maria Island Real Estate visit www.IslandReal.com or our website.  For more information regarding the specific property listed in my blog visit 407 80th..if the link is broken the home has probably sold but give me a call or visit our web site for additional deals.  See the picture below.

Of course there are always risks to investing.  Hurricanes, red tide, oil spills, recessions… of course all figures above are estimates however call or comment with more questions.  The analysis is NOT perfect but it is within 5-10% and in no way is this a commitment of rental income or appreciation.

Larry is originally from Rochester, NY and received a B.S. in Mechanical Engineering at Rochester Institute of Technology.  He was lucky enough to train in General Motor’s collegiate cooperative program as well as General Electric’s exclusive two year executive leadership training program.  Larry’s diverse Corporate America experiences have taken him to Cleveland, Ravenna, OH, Youngstown, OH, Burlington, IA, Boulder, CO, Newport, RI, Monterrey, Mexico and last but not least, Budapest and Retsag, Hungary.  Larry attributes his quick progression into executive leadership to education, internal training, uncompromising ethics, a can do attitude, and innovative solutions to solve tough problems.  His latest challenge involves taking over Island Real Estate’s Vacation Rental division and growing the team to support the high expectations of our owners and guests.  Larry feels extremely lucky to live on Anna Maria Island and is passionate about everything Anna Maria as well as his lovely wife and son.

Larry has owned investment property on Anna Maria Island while living in Europe, the East Coast, the Mid-West.  This first hand experience gives Larry a fantastic understanding of all the concerns that involve the purchase or management of a second home or investment property.  This coupled with running the vacation rental division for several years has provided fantastic background to aide any Anna Maria Island Real Estate Investment search.  Larry’s resume is littered with continuing education and his latest accomplishment is the E-Pro designation.  ”Technology as well as best-practice marketing techniques are constantly changing.  Regardless of an individuals field of expertise, service excellence requires a passion and love of learning or “tried & true” techniques used to supply service excellence becomes stagnant and non effective.”

Now a little about Real Estate Sales at Island Real Estate of Anna Maria island…
Island Real Estate has worked out of the same location since 1970.  Our office is fortunate to contain the best and brightest full time sales associates found on Anna Maria Island.  Over 100 years of marketing experience will be supporting your real estate efforts.  The Island Real Estate team has facilitated thousands of Real Estate transactions on Anna Maria Island.  It’s estimated that our office has been involved with more than 1/2 the residences found in Anna Maria City and Holmes Beach.  To meet our fantastic sales associates visit our website.

Larry keeps up several blogs.  See links below…
Anna Maria Island Vacation Rental Blog
Anna Maria Island Blog
Anna Maria Island Real Estate Blog

      Striped Sunset ~ Sunset of the Week!                                     

These two are probably there to catch a sunset while catching a fish!

     The sea oats are there to hold our sand in place but also frame a sunset!

      Take off your shoes and stay awhile, especially to see a sunset!  

Little Angel collecting seaweed at sunset on Anna Maria Island!

 Sheron and Ginny taking a sunset walk for their health and mostly pleasure!

Two cousins, Taylor and Janey, on a “girl’s trip” who just happen to be my grandkids!

This week has been no exception to spectacular sunsets night after night on Anna Maria Island. With a clip of a cold front, which only meant lower humidity and superb weather, it was the perfect atmoshere for soaking up a sunset on Florida’s Gulf Coast. If you have never visited our Island then you may find it difficult to comprehend the white sugar sand and azure waters that we experience on a daily basis in this tropical paradise.  My clients who come from all over the world are truly amazed at how kind and friendly everyone is as they come to know Anna Maria. The truth is that when you live in such a gentle, peaceful place as this, it soon begins to rub off on you almost like a drug. It soothes, yet inspires you to dream or maybe just forget while you are here that there is that other world and “stuff” that we face day to day. So swinging in a hammock feeling the cool Gulf breezes is part of our reality. Come and join us and please, enjoy the sunset!  

 ~  Thanks to Duff for sharing his sunset taken from his boat on the intra-coastal waterway facing west. Feel free to share you best sunsets!

Written by Melinda Bordes ~ 941-705-0146 ~ who is here to help you with all of your real estate needs whether buying or selling!