Offer agreed in April 2021 and completed in April 2021
INPUTS
Purchase price – £75,000
Deposit – £18,750
Stamp duty – £1,950
Legal fees – £1,500
Sourcing fee – £7,500
Refurb costs – £20,000
Total amount needed – £49,700
RETURN
Rent– £600 a month
Minus letting agency fees @ 10% – £60
Minus mortgage at 4.5% – £210
Cash in the business each month – £329
£3,948 a year
8.3% return on investment
9.6% gross yield
BEFORE & AFTER
