READYMADE 4 BEDROOM HMO RETURNS 12.76

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%