Manchester HMO – £30k per annum Income
The property has 6 large double bedrooms, all with en suite bathrooms and will be tastefully decorated throughout. The seller has designed the property in order to provide the tenants with maximum comfort and to also make the property stand out within the local market.
Investors should see a protected gross income of circa £30,000 per annum.
In turn, this should translate to a NET return on cash invested of up to 27% if buying with a 75% LTV mortgage.
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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.
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