I purchased a great single family home in  Cape Coral Florida in 2003 as an investment property.

  Nice quiet neighborhood.  This home has been well maintained and hardly ever lived in.

I need  to pay off the mortgage and settlement fees and need $180,000 to do it.

House was assessed in 2005 for $225,000 and 2007 decreased to $211,000 and still declining.

When the market turns around the home will be worth at least $211,000.

This is bottom line for me. I am returning to Pennsylvania to be near my family.

The home will rent for $1,200  per month on an annual and $3,000 a month  in season from November to April.

No work is needed to move in.  Landscaping  and  heated pool have been maintained weekly since 2003.

Distressed Homeowner