Sourced Approved Investment

BMV Flat Manchester BRRR North West - Apartment

£ 75,000

Added: 05/12/2024

Profit pa£5,081

ROCE30%

Yield9%

Property description

Strategy: Buy to Let

This property is highly suited for a BRRR model. This is a 1-bedroom flat located in Manchester with an impressive 9% Yield and 30% ROCE. With minimal refurb required and 17% below market value purchase.

Financials:
▪ Purchase price: £75,000
▪ GDV: £95,000
▪ Annual profit: £5,081
▪ ROCE: 30%
▪ Yield: 9%

▪ Profit: £6,675 (7%)
▪ GDV: £100,000
▪ Money left in after refinancing: £17,075
▪ Rental income PCM: £750
▪ Rental income PA: £9000
▪ Monthly net: £423.44

For further information, please get in touch.

Sourced reference: 387987381946177

Disclaimer

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.

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Due diligence

No information supplied.

Sales Agent

Mr Kenan Bilal

Sourced Group LTD

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