|Mortgage loan @75% LTV||£48,500|
|Mortgage payment (interest only/PCM)||£125|
|Lettings management - 12% (PCM)||£45|
|CASHFLOW (PCM)||£ 269|
|Money left in||£0 left in! £6,600 profit made on refinance|
|Return on investment (PA)||infinite|
7a Morris Court, Preston
This 2 bedroom flat renovation was a great ‘money in, money out’ deal, meaning after the end valuation we got all of our costs back and also made £6,600 profit. We kept this flat for 2 years with a great tenant earning £3228 profit per year, then sold it for £68,500. After costs we made around £17,000 profit.