Property Investor - Wolverhampton - Ref: 122

Property Information

Ref ID: 122

Date available:

Furnishing: Not Specified

Property type: House of Multiple Occupation

 

Details

3 Year Rent to Rent Opportunity

Readymade and Fully Licensed 5 Bedroom 5 Bathroom HMO

Bolingbroke Road, Coventry, CV3 1AR

Rent to Landlord = £2,000 pcm

Finderâ--s Fee = £3,000 + Vat

Potential Gross Income = £3,100 pcm = £37,200 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £403 pcm = £4,836 per annum

Cashflow Over 3 Years = £14,508

Self Managed = £775 pcm = £9,300 per annum

Cashflow Over 3 Years = £27,900

For a limited time only, we have managed to secure a readymade and fully licensed five bedroom HMO close to Coventry City Centre.

The property is recently refurbished throughout, it briefly comprises a comfortable open plan living and well equipped kitchen area.

All five bedrooms are good sized double rooms and fully furnished to a high standard with a bed, wardrobe, chest of drawers, desk and chair. There is also a small yard to the rear and on-street parking.

The property is conveniently situated within proximity of all local amenities including local shops, hospital, and regular public transport links.