Rent-to- SL Deal - 5 Bed House in Birmingham (B11)
House
Overview
This is a fair rent-to-SL deal with a moderate ROI and a high initial investment.
The property is located in a mixed-use area with some shops, restaurants and parks nearby.
The property is unfurnished, which means you need to invest more in furnishing it to a high standard.
The agent is offering a rent negotiable contract.
Property Details | Value |
Location | Birmingham, B11 |
Type | 5 Bedroom |
Furnishing | Unfurnished |
Rent | £2,800 per month |
Nightly Rate | £250 |
Initial Investment | Â |
Deposit | £2,800 |
Furnishings | £6,000 |
Finders Fee | £3,000 |
Rent in Advance | £2,800 |
Total | £14,600 |
Monthly Cash Flow | Â |
Occupancy Rate | 60% |
Gross Income | £4,500 (250 x 0.6 x 30) |
Expenses | £3,950 (2,800 + 1,150) |
Rent | £2,800 |
Management Fee | 15% of gross income ((£675) |
Net Profit | £550 |
ROI | 45% (6,600 / 14,600 x 100) Â |