Ascent Homes Limited - City Road HMO Project
3 bedrooms dwelling to 4 bedroom, 3 bathroom HMO
Approximate values
Acquisition Costs
Purchase Price £82,000
Fees £5,000
Refurb £50,000
New value £150,000
Equity released BTL Mortgage 75% LTV £112,500
Operating Costs
Rent £1900/month
Mortgage £275/month
Maintenance £100/month
Bills £500/month
Monthly Profit £1025
Return on Investment (ROI) 50% (2 Years)
