Ready Tenanted, 25% Below Market Value
Location: Rhyl
Current Value: £62,000
Available To You For: £46,500
Investment Details - 2 options available
Option 1. No Money Down
Property Costs & Equity
| Current Valuation | £62,000 |
|---|---|
| Purchase Price | £46,500 |
| Deposit Funding | £15,500 |
| Deposit required from you | Nil |
| Mortgage borrowing | £46,500 |
| Immediate Equity | £15,500 |
Cash flow positive rental
| Target rent | £390 per month |
|---|---|
| Mortgage payment | £205 per month (5.29%) |
| Net profit (per month) | £185 per month |
Option 2. 25% Deposit
Property Costs & Equity
| Current Valuation | £62,000 |
|---|---|
| Purchase Price | £46,500 |
| Deposit Funding | Nil |
| Deposit required from you | £11,625 |
| Mortgage borrowing | £35,500 |
| Immediate Equity | £26,500 |
Cash flow positive rental
| Target rent | £390 per month |
|---|---|
| Mortgage payment | £154 per month (5.29%) |
| Net profit (per month) | £236 per month |
The Property
The property briefly comprises of 2 bedrooms, Kitchen, Lounge, Bathroom, Gas Central Heating, Double Glazing.
First floor of a Victorian terraced house, 99 years lease, new kitchen, new bathroom.
Buyers must be in a position to purchase this property quickly.
No Money Down option available. Ask for more details.
- 25% below RICS valuation
- 25% Equity
- No Money Down Option Available
- Quality Interior