Opera Tower Miami Soaring 56 stories above Biscayne Bay • 635 luxurious residences • Studio, one-bedroom, and two-bedroom models • Contemporary elliptical shape • Private wraparound terraces with breathtaking views • State-of-the-art fire and life safety system • Energy-efficient and impact-resistant windows Residence Features • Floor to ceiling sliding glass doors • Energy-efficient washer and dryer • Large walk-in closets • Granite countertops and stainless steel appliances • Custom European-style cabinetry with frosted glass inserts • Marble vanity tops • Most units offered “move-in-ready” with large format porcelain floors and window treatments Building features • Beautifully-landscaped sundeck deck featuring panoramic bay and city views • Oversized heated swimming pool and multiple whirlpool spas • Fully equipped fitness center • Business center and recreation room • Vibrant lobby with 20+ foot. ceiling • Finest retail services at your fingertips • 24/7 security, front door attendant, and valet • Gross yield on Opera Tower is 6%. • There are no HOA (condo maintenance fees) and no rental fees for 3 years. • The only amount payable by the buyer would be the real estate taxes which are approximately 1.5% of the assessed value which may or may not be less than the market value. • If the buyer has no financing, the net yield should be approximately 4.5% for the first 3 years. We estimated the annual yield on a a hypothetical investment in Opera Tower to be as follows: Cash Purchase Purchase Price $400,000 Guaranteed Return for 3 years @ 6% pa = $24,000 pa Taxes @ 1.5% - 2% (conservative) = $6,000 - $8,000 Yield = $16,000 - $18,000 or 4% - 4.5% If the buyer avails himself/herself of the developer's financing (50% of the purchase price for 5 years @ 4.5% pa), then the yield would have to be adjusted accordingly. Financing 50% of Purchase Purchase Price $400,000 Guaranteed Return for 3 years @ 6% pa = $24,000 pa Interest on $200,000 @ 4.75% pa = $9,500 pa Taxes @ 1.5% - 2% (conservative) = $6,000 - $8,000 Yield = $6,500 or 1.5% - 2% After paying no HOA fees for 3 years, the HOA fees going forward would be payable based on an amount established by the condominium association (currently $0.57) per square foot/per month and there would also be a rental brokerage fee. Rental commissions are currently approximately 10% - 15% of the annual lease value for long term leases. Brokerage fees for short term rentals are much higher (currently circa 20% - 30%) because of the increased amount of time involved in managing short term rentals. In addition to the purchase price an investor should allow a one time amount of 1.5% as an estimate of the costs that a purchaser should expect to pay in connection with a purchase. This includes attorneys fees, stamp duty and title insurance. We are providing this percentage purely as a guideline estimate and each investor would have to review these costs with his/her attorney. We have momentarily the following inventory - 36399 SF Remaining inventory - Estimated annual Return: 6% gross - Asking Price: $375,000 - $18,000,000 - Avg Price per SF: $ 425