Florida, Long Term Rentals, Town Home $ 50,000 - 4002 Barwood Dr. Unit 3805, Orlando…

Florida, Long Term Rentals, Town Home
$ 50,000 - 4002 Barwood Dr. Unit 3805, Orlando

? 4002 Barwood Dr. Unit 3805
Florida
? Orlando
? Milenia

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Type of transaction
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️ The type of strong, long-term transaction - preparing and renting the property for the tenant
? The property under contract? - Yes, the property is under contract
? Multi-property property? - No

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Transaction data and asset
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? Buyer Price in Dollars: 50000
? Living Size in Square Pete: 1140
️ Year of construction: 1986
? Number of units in the property (doors): 1
? Number of bedrooms: 2
? Number of services: 2
⛏ Estimating the price for renovation required in dollars: 18000
️ What renovation date should be completed: 1 / 31 / 2019 0: 00: 00
? Have you done this? Yes
? Link to the Axel Renovation Assessment if there is an assessment: https://drive.google.com/file/d/12P30RK_7tMGVqA2lJ6T-REdW96VfXtC7/view?usp=sharing
? Promoter escort fee: 6000
? Estimating closing costs and additional costs in dollars: 3000
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? Total investment (purchase price + renovation price + escort fee + closing costs): 79000
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? About the area:
The property is on the central and desirable side of the city, about ten from downtown, five minutes from the main mall, a quarter of an hour from the airport and twenty minutes from the University (UCF)
The Milenia neighborhood continues to grow - a steady population growth, new construction, renewal of infrastructure and great demand for living due to its strategic location.

The area is characterized by closed communities for buying and renting and for the population working close to the area.
The average rental rate from the lowest in the metropolis (number of days on the market) makes the area preferred by local investors.
A zero risk level due to its central location within the city.

? About the property:
The property is located in a closed community with a pool for residents. The community is responsible for the maintenance of the common areas, external walls, roof and public areas.

Two bedrooms, a pampering home newsletter (two stories), guest services, one bathroom and shower, a living room and a yard.

The property was sold by a local Holsler at the beginning of his career, who is looking to build his name with high motivation to execute the deal.

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Expected annual revenues
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? Monthly rental 1200
? Annual rental 14400

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Expected annual expenses
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Provision for unearned property leased: 600
? Management Company: 1050
? Maintenance: 700
️ Arnona: 566
✍️ Insurance: 700
? Community Payments: 2880
? Total annual expenses: 6496

? Pre-tax Net Annual Flow: 7904
? Net Annual Return: 10%

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? Comparative market data
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? Estimated market value of the property after renovation: 75000
️ Percentage of total investment relative to market price: 1

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? Comparative Market Analysis - First Property:
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? Address: 4025 HENLEY RD, ORLANDO, FL 32839
? Living Size in Square Pitt: undefined sqft
️ Year of construction: undefined
? Number of bedrooms: 2
? Number of services: 2
? Distance from property: 0.1 miles
When did it sell: 43348

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? Sales Comparative Market Analysis - Second Property:
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? Address: 2247 LYME BAY DR, #1102, ORLANDO, FL 32839
? Living Size in Square Pitt: sqft
️ Year of construction:
? Number of bedrooms: 2
? Number of services: 2
? Distance from property: 0.1 miles
When did it sell: 43474

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? Comparative Market Analysis - Third Property:
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? Address: 2247 LYME BAY DR, #1102, ORLANDO, FL 32839
? Living Size in Square Pitt: sqft
️ Year of construction:
? Number of bedrooms: 2
? Number of services: 2
? Distance from property: 0.1 miles
When did it sell: 43474