1902 MANATEE CT_ KISSIMMEE_ FLORIDA_ 34759

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					                                                                                  US211/F




                                                               • 3 Bed, 2 Bath Large
                                                                 Detached Villa

                                                               • Offered Fully
                                                                 Renovated with
                                                                 Appliances

                                                               • Rental Income:
                                                                 £500* ($800) pcm

                                                               • Price Includes ALL Fees
                                                                 & Taxes*

                                                               • Net Return 10.07%

                                                               •   £47,240.63*
                                                                   ($75,585.00)


            1902 MANATEE CT, KISSIMMEE, FLORIDA, 34759
Fully managed Villa, refurbished and with a waiting tenant ready to move in. There are 3
beds in total and 2 bathrooms, along with spacious living room, large plot, garage and off
road parking. This villa was priced over 175,000 USD in 2007 and is now available for only
73,900 USD! This property will provide excellent rental return whilst giving fantastic
potential for capital growth as the market recovers.
Particulars
    Property Size: 1591 sq.ft
    Plot Size: 10890 ft

    -      3 Bedrooms
    -      2 Bath
    -      Kitchen
    -      Living Room
    -      Garage

The Opportunity
    In our opinion this investment provides an excellent opportunity to purchase a property
    approximately 40% to 50% below its current market value. With the future potential of capital growth
    as the market continues to recover, while offering an exceptional monthly rental return.

    With current UK interest rates still at just 0.5% and inflation running at 4.0% many investors are
    seeing not only minimal returns but also an erosion in real terms of their capital.

    However, it is possible to achieve net returns in excess of 10% per annum by investing in good old
    fashion “Bricks and Mortar” – Yes in property!

Income and Expenses Breakdown

                      US211 - Property Purchase Costs                                                                                 $                             £
                      Total Purchase Price (Inc Renovation & Legals)                                                                75,585.00                    47,240.63

                      Rental Analysis (Monthly)                                                                                         $                              £
                      Rental Income                                                                                                      800.00                        500.00
                      Management Fees                                                                                                   (80.00)                        (50.00)
                      Building Insurance                                                                                                (40.41)                        (25.26)
                      Local Authority Tax                                                                                               (59.58)                        (37.24)

                      Net Monthly Income                                                                                                620.00                        387.50
                      Net Annual Income                                                                                               7,440.00                      4,650.00
                      Net Rental Yield                                                                                                 10.07%                        10.07%


For more Information or to Purchase this Property
    Call us on: 01892 833666. Or email us at: paddockwoodsales@simonmiller.co.uk

    Alternatively call into one of our offices to make an appointment to see one of our property
    investment advisers.


  * Correct with Dollar to Pound exchange rate on date of calculation

  Agents Note: All dimensions are approximate and quoted for guidance only. Reference to appliances, fixtures, fittings and services does not imply that they are necessarily in good condition, fit the
  purpose or are in working order. Interested parties are advised to obtain verification from their Solicitors as to the Freehold/leasehold status of the property and confirmation regarding the condition of
  any fixtures and fitting included in the sale.

  Interested parties are advised that some overseas properties have not been inspected by us and the information contained in these particulars has been provided by third parties. Therefore, we
  recommend that interested parties satisfy themselves of the accuracy of these details and take legal advice before committing to purchase an overseas property. We have used all reasonable endeavors to
  obtain as much information as possible and to the best of our knowledge believe these particulars to be true and accurate. All prices are subject to change and prevailing currency exchange rates but are
  correct at the time of printing.

				
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posted:6/29/2011
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