Birmingham, 8 Bed HMO – Sutton Coldfield £280,000

A private home with potential to develop into an eight bedroom HMO in a good area of Sutton Coldfield, Birmingham.

Purchase price: £280,000
Renovations: £32,500
Rent per month: £3,000
Monthly bills pcm: £1,797

Cash investment:  £122,250
Net monthly income: £1,205
ROI: 12.1%

 

Purchase price: £280,000
Area: B76
Property Type: Semi Detached
Renovations: Yes
Expected Yield: 12.1% ROI
Rent: £3,000 pcm
Net Cash Flow: £1,205 pcm