R2R in Norwich, High Cashflow
About this property
The proposed strategy is to lease the property from its owner and operate it under the agreed subletting model. The opportunity offers a lower ownership requirement, while performance depends on occupancy, operating costs and landlord consent.
This deal can generate high cashflow.
This deal is suitable for first time investors.
A great opportunity for a first investor, or anyone looking to add a low risk high cashflow investment to their portfolio. This opportunity has bookings lined up for end of October worth £1,150 already, so anyone acting fast will benefit from that and hit the ground running with profits coming in from month one.
Financial Information
Rental price (to pay): £795
Refurb/works cost: £0
Sourcing fee: £4,000
Monthly profit (£): £850
Annual profit: £10,200
Monthly rent: £1,995
Annual rent: £23,940
ROCE (%): 108%
Investment required: £7,195
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.