Cash Flow £511 Sourced Deal HMO Available in Llanelli

Why HMO when you can cash flow £511 from a "mini-mo"? 

SPP have secured the below market value sale of this 2 bedroom, 2 reception room property in the centre of Llanelli. This location is quickly picking up interest for HMO and room rentals as Llanelli is right on the main train line to Swansea, Cardiff and Newport. It's located close to the M4 motorway and inside Llanelli itself is new shopping centres, cinemas and growing businesses. 

Why not test the market? Simply place a dummy add onto spareroom.com or gumtree and see the update in calls. The rooms here rent easily at £80 per week. 

Check out some figures:

Retention Figures
Rental Income pcm - £960
Cash Flow - £511
Rental Yield - 13.5%
ROI - 65%

Flip
Asking Price - £78,000
Agreed Purchase Price - £58,000
Build Costs - £8,000
End Value - £85,000
Potential Flip Profit - £10,000