3-Bed HMO Opportunity in Leeds
Property Type: HMO
Location: UK
Asking Price: £180,000
Estimated Market Value (EMV): £220,000
Below Market Value (BMV): £40,000
Sourcing Fee: £5,000
Monthly Rent: £1,500
Annual Rent: £18,000
Gross Yield: 10%
Net Yield: 8%
ROI (Cash-on-Cash): 12%
Service Charges/Ground Rent (if leasehold): £1,200/year
Council Tax Band: D
Works Required
Refurb Cost Estimate: £8,000
1: Furniture and styling – £4,000
2: Lighting upgrades – £2,000
3: Painting – £2,000