10d • Deal Analysis Help
Turnkey BTL opportunity in Knebworth HELP PLS
Hi all, My friend has just contacted me. He has a property where the sale has fallen through.
Its on for 220k
1 bed flat, immaculate condition.
Can be rented at between £1000 and £1100 per month
EPC C
Leasehold (Just finding out from my friend how long is on the lease)
75% LTV mortgage balance at £165k
Deposit required £55k
£12500 stamp duty
Approximate mortgage payments £687.50
£110 management fees approx
(can someone give me an idea as to what the insurance will be? I have based it off of being 10% of the rental value)
Using what i have i have found the following results...
Annual ROI is 3.42%
Annual Yield 6%
The returns aren't great IMO but i just need another opinion
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5 comments
Turnkey BTL opportunity in Knebworth HELP PLS
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