Turnkey - High yield - Buy to let - Mansfield

*Money in: £37,500 with mortgage
*Monthly profit £364.54
*Total profit projection over 10 years = £112,408.74
*Guaranteed rent options available

Property is a long-term investment, not a get rich quick scheme. Steady growth and strong cashflow is on offer with this deal with capital growth of 5% PCA.
You will also be earning from the monthly rental from day one. The turnkey buy to let strategy is as simple as it gets and low risk. Suitable for entry level investors new to property or seasoned investors adding to their existing portfolio. Rental income alone won't make you wealthy you need to use leverage and take advantage of inevitable inflation to grow your wealth over time.

When a property is described as turnkey, it means all the hard work has been done for you. Turnkey houses are fully prepared, meaning you won't need to spend time and money on upgrades or repairs.

Key property details:
- 3 Bed terraced House
- long garden
- Close to town centre
- 74 sqm
- EPC E
- Council tax band A
- Vacant possession
- Guaranteed rent options available

Key Financials example -
Recent Halifax BTL mortgage 2yr fixed, LTV 75%, interest 5.26%, No fee:
▪ Total investment needed: £37,500
▪ Guide price: £99,000
▪ Deposit: £24,750
▪ Legals: £1,500
▪ Stamp duty: £4,000
▪ Gross monthly rent: £800
▪ Gross annual rent: £9,600

▪ Deductions: Mortgage £325.46, Letting agent £80, Insurance £30
▪ Monthly profit after deductions: £364.54
▪ Annual profit: £4,374.45
▪ Gross yield: 10%
▪ ROCE: 12%
▪ Net rent mortgage coverage: 212%

▪ Profit projection in 10 years capital growth 5% PCA = £62,260.57
▪ Profit projection in 10 years net rental growth 3% PCA = £50,148.17
▪ Total profit projection over 10 years = £112,408.74

With Sourced you get the full property wealth building package in one place;
Sourced Enterprise - Full limited company SPV and accounting solution
Sourced Finance - Specialist lending not available on the high street
Sourced Living - Fully compliant lettings management service
Legal Conveyancing team available if required.
Professional and compliant renovation team ready to go!

Let me know if you are interested in this as soon as you can.

Sourced reference: 966214287429183