Buy to Let in Great Yarmouth, 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 sale is direct to vendor.
This property offers a high yield in rental income, therefor being a great cashflow generating asset.

A great opportunity to acquire a portfolio of 7 apartments directly from the vendor, already tenanted and producing a high ROCE.

The properties are located in 2 separate blocks - one being a block of 5 and one of 2 flats.

Financial Information
Current value: £430,000
Purchase price: £430,000
Purchase costs: £153,100
Refurb/works cost: £0
Sourcing fee: £8,600
GDV: £430,000
Monthly profit (£): £2,925
Annual profit: £35,100
Monthly rent: £4,000
Annual rent: £48,000
ROCE (%): 23%
Yield: 11%
Money left after refinance: £153,100
Investment required: £153,100