Rent-to-SA Deal - 2 Bed House in Brixton
House
Overview
This is a decent rent-to-SA deal with a moderate ROI and a high initial investment.
The property is located in a vibrant and trendy area with good transport links and amenities.
The property is unfurnished, which means you have to invest in furnishing it yourself.
The landlord is open to a rent-to-SA agreement and the finders fee is fair.
Property Details | Value |
Location | Brixton, Central London |
Type | 2 Bedroom, 2 Bathroom |
Furnishing | Unfurnished |
Rent | £2,200 per month (excluding bills) |
Nightly Rate | £180 |
Initial Investment | £10,640 |
Deposit | £2,200 |
Bills | £240 |
Unfurnishing | £5,000 |
Finders Fee | £3,000 |
Rent in Advance | £2,200 |
Monthly Cash Flow | |
Occupancy Rate | 75% |
Gross Income | £4,050 (£180 x 0.75 x 30) |
Expenses | £3,048 (£2,200 + £848) |
Rent | £2,200 |
Management Fee | 15% of gross income (£608) |
Bills | £240 |
Net Profit | £1,002 |
ROI | 113% (£12,024 / £10,640 x 100) |
