Student Unit - 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: £30,000
Purchase price: £30,000
Purchase costs: £4,000
Refurb/works cost: £0
Sourcing fee: £2,500
GDV: £30,000
Monthly profit (£): £374
Annual profit: £4,488
Monthly rent: £574
Annual rent: £6,888
ROCE (%): 13%
Yield: 23%
Money left after refinance: £34,000
Investment required: £34,000