Purchased tenanted but requiring refurbishment when vacant.

Current figures:
Purchase Price (mortgaged): £75000
Monthly Rent: £450
Monthly costs (mortgage, insurance) £232
Monthly cash flow: £218
Deposit/ fees £18600
Current return on investment: £14.06%

Figures after refurbishment
Estimate spend: £9000
Estimated Fees: £3600
Total spend: £87600
Estimated end value £100,000

Money back from remortgage = £75000
Money left in deal: £12600

Monthly Rent Once refurbished : £575
Monthly costs (mortgage, management, insurance) £264
Monthly cash flow: £311

Return on investment: 29.6%