Buy to Let in Scunthorpe, First-Time Investor Friendly

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 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.
This property offers a high yield in rental income, therefor being a great cashflow generating asset.

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IMMACULATE TURNKEY INVESTMENT OPPORTUNITY
The total cash required to buy this deal is £33,387
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Turnkey ready to rent
No selective licencing for landlords
Approximately £46,000 equity from the outset
No chain for simple purchase
Vacant possession ready for tenant
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Are you feeling short of disposable income and concerned about your future?
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You need immediate income and long-term wealth from 2 to 3-bedroom freehold terraced houses in areas undergoing major infrastructure or employment regeneration between £70,000–£150,000 value. They attract long-term families, have lower tenant turnover, and avoid the steep service charges associated with leasehold flats.
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Financial Information
Current value: £110,000
Purchase price: £92,000
Purchase costs: £6,100
Refurb/works cost: £0
Sourcing fee: £4,000
GDV: £110,000
Monthly profit (£): £402.50
Annual profit: £4,830
Monthly rent: £800
Annual rent: £9,600
ROCE (%): 14%
Yield: 10%
Money left after refinance: £33,387
Investment required: £33,387