Instant NET Income HMO Investment
Price – £310,000
Key Investment Facts
- Purchase Price £310,000
- Mortgage Deposit £77,500
- Rental Figure P.A. (after deducting bills) £36,822
- Rental Figure PCM (after deducting bills) £3,068
- Management Fee P.A. (at 12.5%) £4,160
- Mortgage Payment PA (75% LTV at 3.49%) £8,114.25
- Mortgage Payment PCM £676.19
- NET Profit per Annum £24,547.75
- NET ROI (based on mortgage deposit) 31.67%
We have a 6BED + 6BATH HMO in Telford which is offered for sale at £310,000
The property is also ripe for redevelopment with a huge garden to the rear and would benefit massively form a single story extension to rear – subject to planning of course – or keep it as a 6 or 7BED HMO and sit back and collect the more than £24,000 NET rental income per annum after ALL deductions including your mortgage payment!
It has a bricks and mortar valuation (available on request) of between £350,000 – £360,000 in its current state
The HMO is FULLY tenanted and generates over £36,000 in gross rental income
The property is managed by a trusted, local agent and this means the deal can be fully HANDS OFF and completely managed from afar
PERFECT for hands off investors!!
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.