D04- New Hey Road, Rastrcick

Currently Let: £550/pcm

New Hey Road, Rastrcick

Property Information:

Refurbished including creation of new kitchen area, new bathroom, roof repairs, decoration, carpets

Purchase price (cash): £67500
Refurb spend: £7900
Fees: £3600
Total spend: £79000
End value £100,000

Money back from remortgage = £75000
Money left in deal: £4000

Monthly Rent : £550
Monthly costs (mortgage, management, insurance) £265
Monthly cash flow: £285

Return on investment: 85.5%

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