BTL in Burnley, High Yield

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.
This property offers a high yield in rental income, therefor being a great cashflow generating asset.
The agent suggests this deal has great value-uplift potential.

Financial Information
Current value: £65,000
Purchase price: £55,000
Purchase costs: £23,750
Refurb/works cost: £17,500
Sourcing fee: £4,000
GDV: £79,500
Monthly rent: £650
ROI: 7800%
Investment required: £37,950