Birmingham, 7 Bed HMO – Erdington, Birmingham £240,000

A seven bedroom HMO, which has already been set up to rent, has been sourced by Property Fit.  Only minor repairs needed and this investment opportunity will offer the owner a ROI of 13.1%.

Key Figures:
Purchase Price: £240,000
Renovations: £7,500

Rent per month: £2,450
Monthly bills PCM: £1,627

Cash investment: £77,950
Net monthly income: £823

ROI: 13.1%

Purchase price: £240,000
Area: B23
Property Type: Semi Detached
Renovations: Yes
Rent: £2,450 pcm
Net Cash Flow: £823 pcm