| Purchase price | £44,000 |
| Refurbishment cost | £16,000 |
| Solicitor's fees | £900 |
| Bridging cost | £4,000 |
| Stamp duty | £1,320 |
| TOTAL | £66,220 |
|---|
Cashflow
| Property valuation (expected) | £65,000 |
| Mortgage loan @75% LTV | £48,500 |
| Mortgage payment (interest only/PCM) | £124 |
| Rent (PCM) | £1,408 |
| Lettings management - 12% (PCM) | £281 |
| Operating expenses | £281 |
| CASHFLOW (PCM) (no voids) | £722 |
|---|
ROI & Yield
| Money left in | £17,720 |
| Cashflow (PA) | £8,664 |
| Return on investment (PA) | 49% |
| Gross Yield | 26% |
|---|
3 Renshaw Street
The property qualifies for Burnley Council’s 10-year loan at 0% interest with repayments of £158 per month.ROI is 49% but the actual cash left in the deal was covered by the Burnley 0% interest empty homes loan, which means less cashflow due to the loan repayments, but none of our own funds left in the deal.
STATS
*House in multiple occupation
