READYMADE 4 BEDROOM HMO RETURNS 12.76!!
Lower Earley, Berkshire
£135,000
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- Posted
- 3 hours 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: 1475082403
VAT number: 297930058Estimated Removal cost for £650 with AnyVan
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