Town Home - Florida, Long Term Rental, Under $ 62,000 Contract - Manchester (New Hampshire)…

Town Home - Florida, long-term rental, under contract
$ 62,000 - Manchester (New Hampshire)

Living size: 1288
Year of construction: 1991
Number of bedrooms: 3
Number of services: 2.5
Additional extras: yard, sun terrace, two balconies
Property status: Under contract - the start of a ten-day period
Renovation: $ 12,200
Escort Fee: $ 6,000
Closing costs and additional costs: $ 3,000
Total investment: $ 83,200

Market value: $ 90,000
Percentage in relation to market price: 10%
Rental height: 1200 $
Total rental income: $ 14,400

Annual Expected Expenses -
Property not rented: $ 720
Management Company: 1104 $
Arnona: $ 857
Maintenance: $ 620
Insurance: $ 800
Community Payments: $ 2150
Total annual expenses: $ 6,251

Pre-tax profit: 8,400 $
Annual yield: 9.7%

About the area:
Liesburg is located between Mount Dora and Vilagas on the northwest side of the metropolitan area and is strategically located between major traffic routes - 19 Road and 448 Road, over the past year due to massive positive migration from state to city infrastructure development, construction of many commercial centers and schools.
Lizburg is growing and growing fast: 30% population growth, 20% increase in family income and 35% in asset price increases.

On the property:
The property is located in a gated community that includes an Olympic pool, gym, library and clubhouse. The community's responsibility is full care of tenants' lawns, public areas and services provided to the residents.
The property has gone through partially, the seller has invested beyond his budget in renovating the property and is rushing to sell back his investment.

renovation -
Insecurity: Not done
Attached is a renovation estimate:
https://bit.ly/2LNMdtS

Comparative market analysis Sell:
0.5M 2904 ASH DR 2 / 2.5 1288 85,000 $

0.5M 2933 TANGERINE CT, #2933 2 / 2.5 1288 85,000 $

Comparative Market Analysis Rent:
0.5M ROYAL OAK BLVD, #1028 2 / 2.5 1288 1,200 $

0.5M 924 Willow Dr 2 / 2 1457 1,100 $

The entrepreneur's recommendation:
Term holding, an exercise option option after three years