High spec Fully Licensed 5 bedroom 5 bathroom HMO Cumbria Ultimate ROI of 39%

For more information call us on 0161 870 0010

Where Excellence Comes as Standard

* 5 Bed 5 Bath HMO Ultimate Returns of 39.81%

INVESTMENT OPPORTUNITY

Ramsden Street Barrow-in-Furness

5 bed, 5-bathroom HMO

Ramsden Street – Financial Breakdown 5 Bedroom 5 Bathrooms

Purchase Price: 97,000.00

Deposit: 28,396.75 (includes 6 months of interest for a bridging loan)

Conversion/Build: 66,056.40* approx. (subject to further onsite visits)

Set up costs/ Design & Build Fees – 14,750.00

Legals Estimate – 1,400.00

Stamp duty – 2,910.00

Survey – 650.00

Furniture and flooring packs can be purchased at an additional cost – 10,256.49.

Total Project Cost: 193,022.89

Total Cash Outlay: 124,419.64

Projected Rental Income: 115.00 PPPW net of bills (water, gas, electricity) x 5 = 29,900

Management: 4,368.00 including VAT- (10% fully managed)

NET RETURN ON INVESTMENT AFTER REFINANCE: 39.81%

BASED ON A REFINANCE VALUATION OF 195,000.00 WE CAN RELEASE APPROXIMATELY 156,000.00 BY RE-MORTGAGING AFTER 6 MONTHS. AT THIS STAGE, YOU WILL HAVE AROUND 41,169.64 LEFT IN THE DEAL AND AFTER DEDUCTING THE NEW, INCREASED MORTGAGE INTEREST, YOUR NET INCOME WILL BE AROUND 16,393.25 PER ANNUM GIVING YOU A NET RETURN ON CASH INVESTED OF 39.81%!