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Contact Vicki

Vicki

Posting for 14+ years

0161870XXXX

READYMADE 4 BEDROOM HMO RETURNS 12.76!!

Cambridge, Cambridgeshire

£135,000.00

Vicki

Posting for 14+ years

See all ads

Contact Vicki

0161870XXXX

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Posted
Just now
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: 1475081887

VAT number: 297930058

Disclaimer

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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