E05- Marion Street, Brighouse

Currently Let: £650/pcm

Marion St, Brighouse HD6, UK

Property Information:

Refurbished including turning the property into a 3 bed (formerly 2 bed) by splitting a bedroom with a stud wall and moving the bathroom in there, electrical work, plumbing work, new kitchen, bathroom, plastering, decoration, carpets, fencing, artificial grass.

Purchase price (mortgage): £70000
Refurb spend: £13700
Fees: £5200
Total spend: £88900
End value £100000

Money back from remortgage = £75000
Money left in deal: £13900

Monthly Rent : £650
Monthly costs (mortgage, management, insurance) £269
Monthly cash flow: £381

Return on investment: 32.9%

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