BTL in Manchester

The proposed strategy is to acquire the property and let it to tenants for consistent rental income and longer-term capital growth. The figures should be reviewed alongside local demand, expected running costs and finance terms.

Financial Information
Current value: £40,000
Purchase price: £40,000
Purchase costs: £4,000
Refurb/works cost: £0
Sourcing fee: £2,500
GDV: £40,000
Monthly profit (£): £375
Annual profit: £4,500
Monthly rent: £975
Annual rent: £11,700
ROCE (%): 10%
Yield: 29%
Money left after refinance: £44,000
Investment required: £44,000