BTL in Leigh-on-Sea

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 can generate high cashflow.
The agent has highlighted that this property is projected to achieve a high occupancy rate due to high demand in the local area.
This property offers a high yield in rental income, therefor being a great cashflow generating asset.

Financial Information
Current value: £100,000
Purchase price: £90,000
Purchase costs: £10,700
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £100,000
Monthly rent: £1,100
Annual rent: £13,200
Investment required: £41,626