New deal in Neath qualifies for council loan for refurbishments
/Source My Property has secured a brand new deal in Neath town. This is a lovely 3 bedroom propery which is crying out for an investor to return it to the rented sector. With rent in the area going up, and house availability going down, this property fits perfectly into the gap.
Figures in Brief
Retention Figures (1st exit)
Rental Income pcm - £525
Cash Flow - £154 @ 5%
Cash Flow - £260 @ 3%
Money left in £13,000 (pad back in 4 years)
Flip (2nd exit)
Agreed Purchase Price - £49,950
Build Costs - £20,000
End Value - £85,000
Potential Flip Profit - £6,000
Ready for onward sourcing to first come first serve for a source fee of £1997 paid on completion. Source My Prperty has a full power team and builders ready to act fast.