READYMADE 4 BEDROOM HMO RETURNS 12.76!!

135.000 £

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%