BTL in Leeds, High Cashflow

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.
This deal is suitable for first time investors.
This deal is suitable for hands off investors, suitable for investors with limited time or for overseas investors.

A great opportunity to purchase a high yielding fully managed student unit, with the added advantage of qualifying for zero stamp duty.

The property is in a popular block with high occupancy and demand, with a large range of communal facilities and amenities including storage, bike parking and a gym.

Financial Information
Current value: £25,000
Purchase price: £25,000
Purchase costs: £29,000
Refurb/works cost: £0
Sourcing fee: £2,500
GDV: £25,000
Monthly profit (£): £212
Annual profit: £2,546
Monthly rent: £440
Annual rent: £5,280
ROCE (%): 9%
Yield: 21%
Money left after refinance: £29,000
Investment required: £29,000