70% R.O.I. Five years lease option property deal in Hull.

Placed: 08/12/17
Region: United Kingdom
Category: Real Estate


Content of the advertisement:

Property type: House, Number of bedrooms: 3

5 YEARS LEASE OPTION DEAL

Lonsdale Street Hull, HU3 6PA
OPTION TO PURCHASE within 5 years at £75,500.00
Rent payment to landlord = £140.00 pcm
We have sourced a great property, where the potential purchaser can make a great deal of cash flow with very little effort.
The owner is happy to offer this on a 5 years lease option with the option to either purchase 5 years period at £76,000.00
The 3 bedroom property is situated close to a primary school walking distance to local amenities which would attract families with young children but is currently let.

A Great Investment Opportunity!

Current Rental Income
£693 pcm = £8320.00 per annum
Cash flow Forecast
Costs to consider:
Landlord Rent = £140.00 pcm
. Insurance =£19.00
10% + VAT Management = £83.20 pcm
CASH FLOW AFTER ALL THE ABOVE COSTS
£450.80pcm = £5409 per annum
CASH FLOW OVER THE 10 YEAR LEASE OPTION PERIOD IS £27,048.00

The Overall Vision
- Take the property on and utilise the 5 year lease option to generate cash flow
- Use the cash flow of the property to act as the deposit for the purchase, allowing you to have a no money down property transaction.
-Deposit required to purchase of £76,000.00 @ 25% = 19,000.00
- The cash flow over a 5 year period = £27,048.00 not only will this fund your deposit, completely none of your own money in this transaction over the period.
- Due to the nature of this transaction Buyer must be able to complete in 14 days with our specialist (lease option) appointed solicitor to buyer and seller.
Cash flow for the Property
Income from property = £450.80 if managed by an agent
Management on property = £83.20 pcm
Cash flow after costs = £450.80 pcm
= £5,409.60 per annum
Cash flow Over 5 Years Period = £27,048.00
Capital Required
One months rent on the property to Landlord = £140.00
Insurance =£19
Minor works 700.00
Sourcing Fee = £5000.00
Legals = £1800
Total Capital Input = £7659.00
SOURCING FEE =£5,000.00
ROI on capital Input of £7659 = 70.6%
I have found a letting agency that will who would be able to manage the property. property allowing you to have a hands off approach.
FIRST TO SEE WILL BUY!
If this is of interest call Alfred immediately on
07915088849

Price / Salary: £7,659.00