The property may not be "up to par" with market condition so it doesn't command full market value.

My partner has a few rentals in the borough and they command very high rents.  

@Kyle Karges I've personally had difficulty managing in Phoenix as the rents commanded on airbnb are lower than I have seen in most of the US.

I am so happy that I went for higher end and bought a property that commands top rent and will appreciate over time. 

We target low purchase prices here: $120,000 to $130,000 can get you a three-bedroom, two-bathroom home that can command rents of roughly $1,100.

Wont everyone else know it was in the path of growth and therefore command a premium before you/we/investor wants to acquire it?

A good Realtor knows his/her value and can command 7% easily.

These returns are not as high as some command on the blog.

I was disappointed to learn this, as I always thought of the "fixer uppers" as the better deals (buy low, fix up, force appreciation and command higher rents!).

@Ken Rich Without knowing any of the specifics of the property I can tell you that Manchester is a desirable rental market and  especially if a unit is vacant it will command a lot of interest from both owner occupants and investors if it is in average to real good shape.