INPUTS
Offer agreed in August 2021 and completed in November 2021.
Purchase price – £100,000
Deposit – £25,000
Stamp duty – £3,000
Legal fees – £1,500
Sourcing fee – £7,500
Refurb costs – £15,000
Total amount needed – £52,000
RETURN
Rent – £700 A MONTH
Minus letting agent fees at 10% – £70
Minus mortgage at 4.5% – £190
Cash in the bank each month – £348
£4,176 a year
8.45% return on investment
8.4% gross yield
BEFORE & AFTER
