Large Beach Home w Break Even Cash Flow

THIS SEAGROVE BEACH HOME OFFERS TWO LARGE PORCHES, BEAUTIFUL TROPICAL POOL  SETTING WITH HEATED POOL, CARRIAGE HOUSE, DEDICATED BEACH WALKOVER WITH A LOW DENSITY USAGE.  LOCATED JUST THE 5TH PROPERTY FROM THE BEACH IN THE HEART OF SEAGROVE CLOSE TO EVERYTHING.  MANY QUALITY DATAILS THROUGHOUT, FIREPLACE, BOOKCASES, FRENCH DOORS.  RENTAL PROGRAM WITH STRONG RENTAL HISTORY, $50,000 to $60,000 PER YEAR.  2011 RENTAL INCOME IS JUST OVER $57,000. WHAT DOES THIS COVER???  IT WILL COVER AN 80% LOAN AT 4.75% INTEREST AND CURRENT REAL ESTATE TAXES AND INSURANCE.  IT WILL ALSO COVER THE OTHER MISC. EXPENSES TOTALING JUST OVER $14,000.  IF SOMEONE SELF MANAGES THIS PROPERTY IT SHOULD CASH FLOW.  PROJECTED RENTAL INCOME FOR 2012 $62,000 RANGE.

NEW EVERYTHING IN THE HOME.  NEW PAINT, FLOORING, KITCHEN, FURNITURE, POOL REFINISHED.  6 BEDROOM  JUST UNDER 3,000 SQ. FT. WITH PRIVATE HEATED POOL.  LISTED AT $759,000 

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