*High spec Fully Licensed 5 bedroom 5 bathroom HMO Cumbria* Ultimate ROI of 39%

97.000 £

Description

For more information call us on 0161 870 0010, , Where Excellence Comes as Standard, * 5 Bed 5 Bath HMO – Ultimate Returns of 39.81%, , INVESTMENT OPPORTUNITY, , Ramsden Street – Barrow-in-Furness, 5 bed, 5-bathroom HMO, Ramsden Street - Financial Breakdown – 5 Bedroom – 5 Bathrooms, , Purchase Price: £97,000.00, Deposit: £28,396.75 (includes 6 months of interest for a bridging loan), Conversion/Build: £66,056.40* approx. (subject to further onsite visits), Set up costs/ Design & Build Fees - £14,750.00, Legals Estimate - £1,400.00, Stamp duty - £2,910.00, Survey - £650.00, Furniture and flooring packs can be purchased at an additional cost - £10,256.49., , Total Project Cost: £193,022.89, Total Cash Outlay: £124,419.64, Projected Rental Income: £115.00 PPPW net of bills (water, gas, electricity) x 5 = £29,900, Management: £4,368.00 including VAT- (10% fully managed), , NET RETURN ON INVESTMENT AFTER REFINANCE: 39.81%, , BASED ON A REFINANCE VALUATION OF £195,000.00 WE CAN RELEASE APPROXIMATELY £156,000.00 BY RE-MORTGAGING AFTER 6 MONTHS. AT THIS STAGE, YOU WILL HAVE AROUND £41,169.64 LEFT IN THE DEAL AND AFTER DEDUCTING THE NEW, INCREASED MORTGAGE INTEREST, YOUR NET INCOME WILL BE AROUND £16,393.25 PER ANNUM GIVING YOU A NET RETURN ON CASH INVESTED OF 39.81%!