Rent-to-SA Deal - 5 Bed House in Barking
House
Overview
This is a good rent-to-SA deal with a high ROI and a moderate initial investment.
The property is located in a diverse and lively area with a lot of demand for short-term rentals.
The property is part furnished, which means you only need to add some finishing touches to make it more attractive to your guests.
The finders fee is fair.
Property Details | Value |
Location | Barking |
Type | 5 Bedroom, 2 Bathroom |
Furnishing | Part Furnished |
Rent | £3,000 (per month) |
Nightly Rate | £261 |
Initial Investment | Â |
Deposit | £3,000 |
Furnishings | £4,000 (Estimated Cost) |
Finders Fee | £3,000 |
Rent in Advance | £3,000 |
Total | £13,000 |
Monthly Cash Flow | Â |
Occupancy Rate | 68% |
Gross Income | £5,328 (261 x 0.68 x 30) |
Expenses | £4,250 (3,000 + 1,250) |
Rent | £3,000 |
Management Fee | 15% of gross income |
Net Profit | £1,078 |
ROI | 99% (12,936 / 13,000 x 100) |