Current Property Opportunities
16th November 2009
One of the main reasons investors get involved in property investing, is to make a return on their investment, and ideally a passive income.
A passive income is very attractive for everyone - who doesn't want to be making an income for no effort on their part?!
This can come about from investing in property, where the rent received outweighs the running and finance costs.
One of the property vehicles that can give the biggest positive cashflow, is houses of multiple occupancy.
We have never been able to satisfy the demand for this type of investment, but now have an excellent source of this type of deal - and the cashflow is outstanding!
These properties are coming fully refurbished and all set up with tenants!
Example Property:
Manchester, M7 - £145,000
Large 4 Bedroom 3 storey mid terrace
New kitchen, New bathrooms, Re plastered throughout, Re-wire / new CH / DPC / New plumbing, New UPVC windows Throughout / New internal / External doors, New Full decor and carpets / blinds throughout, New furniture and appliances throughout, Certification Provided Gas Electric EPC.
This property is undergoing a total refurbishment from bare brick and is situated in an ideal Student letting location.
The property will be provided fully furnished with 6 bed spaces and will meet all current HMO regulations.
Rental Income = £15,830 pa - after management
35% Deposit = £50,750
Buying costs - around £1500
Loan = £94,250
Mortgage @ 5% = £4712 pa
Net Income = £11,118 pa
% Return = 22% (based on 48 week let)
Around £900 net cashflow a month!
A higher deposit - but very attractive cash on cash return, if you are currently only getting around 2-3% return from your bank, then this can offer you an excellent alternative return - we have 4 of this type of property, and 2 have already been snapped up this week!
For full information or to discuss investing in greater detail, you can call one of our Portfolio Development Managers on 0115 985 3963 0115 985 3963 or email us at service@propertysecrets.net and we can give you further information on growing a positive cashflow portfolio!
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