| Purchase price | £50,000 |
| Refurbishment cost | £35,000 |
| Solicitor's fees & broker | £1,150 |
| Bridging cost | £2,752 |
| TOTAL | £88,902 |
|---|
Cashflow
| Property valuation | £100,000 |
| Mortgage loan @80% LTV | £75,000 |
| Mortgage payment (interest only/PCM) | £241 |
| Rent (PCM) | £1,755 |
| Lettings management - 15% (PCM) | £263 |
| Operating expenses | £438 |
| CASHFLOW (PCM) | £813 |
|---|
ROI & Yield
| Money left in | £13,902 |
| Cashflow (PA) | £8,780 |
| Return on investment (PA) | 63% |
| Gross Yield | 21% |
|---|
56 Manchester Road
This terraced house has been converted into a stylish and modern 4 bedroomed HMO suitable for up to 6 residents in an area with a strong rental demand. The property has a return on investment calculated at 63% and a yield of 21% and is therefore a very stable investment property.
