BTL in Kilmarnock, Cash Buyers
About this property
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 deal is suitable for cash buyers.
Financial Information
Current value: £50,000
Purchase price: £50,000
Purchase costs: £58,000
Refurb/works cost: £3,300
Sourcing fee: £2,500
GDV: £65,000
Monthly rent: £525
Annual rent: £6,300
Investment required: £61,300
Investment calculators
Need finance? Sourced Financial Services specialise in HMO mortgages and can secure same-day decisions in principle.
Speak to a brokerAssumes English SDLT rates and 3% additional property surcharge. Welsh LTT and Scottish LBTT differ. Always confirm with your solicitor.
Ltd company (SPV) purchases pay the same additional-property SDLT rates, but mortgage interest is fully deductible against rental profits.