Licensed 6 Bed R2R HMO in Streatham, London, SW16
147.8% ROI
6 Bed HMO Property available for 3 Years
We have secured an amazing partly furnished 6 double bedroom HMO property in the Streatham area. SW16 Postcode on a 3-Year deal. Some rooms are larger than others plus there are 2 very large communal areas and 3 bathrooms.
The property is essentially ready to go but we feel it may need new blinds/curtains throughout and optionally paint feature walls and decorate with art work. The property is partly furnished but we included the extra on the cost in case you wanted to change items or get some extras.
The rent has been negotiated to £2850 pcm The profit we expect is £955pcm which results in a 147.8% ROI. We can also include a 4 week rent free period to help you get the property ready for tenants.
Rent to Landlord = £2850 PCM
Bills/incl 3% voids = £645 PCM
Rental Income = £4,450 PCM
Set Up costs = £4250
Finders Fee = £3500
Total cash in = £7750
Deposit (refundable) = £2850
Net Profit = £955 PCM
ROI = 147.8%
£11,460 PROFIT PER ANNUM!
£26,630 PROFIT AFTER 3 YEARS AFTER COSTS