HMO in Dartford
Property in need of refurbishment and constant void periods for rooms. Guaranteed rent Landlord was happy with, offered and accepted. Full refurb of property and sourcing of quality professional tenants completed. Total cashflow after costs £945pcm
Terraced property in Liverpool
Market value of £75k, Secured for £63.2k.
Total refurb cost £7k.
Revaluation of £85k.
Total cash employed - £22800
Money out once refinanced – £17350
Money left in deal - £5450