READYMADE 4 BEDROOM HMO RETURNS 12.76!!
Durham, County Durham
£135,000
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- Posted
- 27 mins ago
- Seller Type
- Agency
- Property Type
- House
- Number Of Bedrooms
- 4
Description
INVESTMENT OPPORTUNITY
Altham Street – Middlesbrough
4 bed, 3-bathroom HMO
Altham street - Financial Breakdown – 4 Bedroom – 3 Bathrooms
Purchase Price: £135,000.00
Deposit: £71,250.00
Set up costs/ Design & Build Fees - £14,750.00
Legals Estimate - £1,400.00
Stamp duty - £2550.00
Survey - £650.00
Total Project Cost: £154,350.00
Total Cash Outlay : £90,600.00
Projected Rental Income: £90.00PPPW x 3 (ensuite) and £80 PPPW (non ensuite) net of bills (water, gas, electricity) = £18,200.00 (This is projected rent that allows for a increased energy and increased mortgage interest rates)
Management: £2,808.00 including VAT- (10% fully managed)
Mortgage 12 months – £3,825.00
TRUE NET INCOME: £11,567.00 per annum
TRUE NET RETURNS – 12.76%
Ad ID: 1475081849
VAT number: 297930058Disclaimer
This advertisement and the information related to it are provided and maintained by the advertiser. Gumtree.com is not responsible and can not guarantee the accuracy or completeness of this advertisement. Please note that every advertisement for rent or for sale should at a minimum, display the energy performance rating of the property. See our Flats and Housing Posting Rules for more information.
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