New Playa del Carmen Homes Show Excellent Investment Potential
June 10th, 2010Americans or Canadians looking for an excellent real estate investment possibility should consider Villas Tranquilidad, a Mexico homes development in a new community in Playa del Carmen. These villas are currently being sold for a price lower than the future value the community promises, showing potential for both re-sale profit and rental income.
These Playa del Carmen homes are located in the new community of El Cielo, which is 10 minutes north of central Playa del Carmen, just past the MayaKoba PGA golf course. Currently only 2 developments exist in El Cielo, one of them being Villas Tranquilidad. Because the conveniences which are planned for the community have not yet been constructed the price of Villas Tranquilidad is lower than the expected future value of homes in the community.
The services which El Cielo will offer include a commercial shopping area along the highway side of the property, at the entrance. In the middle of the property there will be residential development, including Villas Tranquilidad, which is located about half a mile from the beach. After the residential area will be the future extension of the new Fifth Avenue, offering shops, cafes and stores. Past Fifth Avenue El Cielo’s condo and hotel area will be located directly on the beachfront. A bike trail, which has already been constructed, runs through the community. El Cielo targets high-end residential and commercial developers.
Villas Tranquilidad, conveniently located within walking distance from the beachfront, but far enough away for peace and quiet. The 6 villas are 3 storeys each, with an elegant contemporary design. They include mini-split air-conditioners in each room, as well as ceiling fans. Each villas has a private yard, and the 6 share a common green space with a pool and a “palapa” (a Mayan-style thatched roof) shade area.
The already low price of $260,000 is made more accessible through a 25% pre-construction discount, for a price of $195,000. Financing options, including mortgages through Mexican bank institutions, which will finance up to 75% of the pre-discount price at fairly low interest rates (6.5%), and short-term seller financing, which also offers competitive rates.
For investors, these options make the purchase very manageable financially. The high-quality services and ongoing development of the community promise a higher future value, as well as good potential for vacation rentals, once these services are in place.
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