Sir Hamilton Cir., Titusville, FL 32780

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This first level condo features two bedrooms and one bathroom with 960 square feet of living space. It has a nice screened in patio with washer and dryer hook ups. The property has been well maintained and has a brand new A/C unit inside and out. Community has been well maintained and is located only a half a mile from the new Titus Landing development. The property currently has about 10,000 to 20,000 in equity and once the Titus Landing is completed property values should go higher.

This property is currently tenant occupied, paying 715.00 per month and the lease expires in December of 2018. The lease does state that with a 30 day notice rents could be raised. The current rent rate is well below market rent. Current market rent is going for $850-$900. Increasing the rent to market rates would increase the AYP to 8-9% or more if you self manage the property. Market value and rent rates are steadily increasing in this community so contact us for more information.

Camelot Estates, Annual HOA: $3,060

Est. Rehab: $750

Est. ARV: $58,000

Current Monthly Rent: $715

Est. Market Rent: $850-$900