Rent-to-HMO Deal - 6 Bed House in Balsall Heath Birmingham
House
Description
Overview
This is a great rent-to-SA deal with a high ROI and a moderate initial investment.
The property is located in a convenient area with all local amenities, schools and ideal for large family.
The property is highly secured and has a lot of space and features, which adds value and appeal.
The rent is fair and the yield is high, which means you will make money every month.
Initial Investment
Nightly Rate: £180
Deposit: £2,400
Furnishings: £3,000 (estimated)
Finders Fee: £3,000
Rent in Advance: £2,400
Total: £10,800
Monthly Cash Flow
Occupancy Rate: 80% (based on [SA Rentals] data)
Gross Income: £4,320 (180 x 0.8 x 30)
Expenses: £3,120 (2,400 + 720)
Rent: £2,400
Management Fee: 15% of gross income (£720)
Net Profit: £1,200
ROI: 133% (14,400 / 10,800 x 100)