2-Bed Flip in Birmingham
Property Type: Single Family
Location: UK
Asking Price: £120,000
Estimated Market Value (EMV): £150,000
Below Market Value (BMV): £30,000
Sourcing Fee: £3,000
Monthly Rent: £1,500
Annual Rent: £18,000
Gross Yield: 10%
Net Yield: 8%
ROI (Cash-on-Cash): 15%
Service Charges/Ground Rent (if leasehold): £0 (Freehold)
Council Tax Band: C
Works Required
Refurb Cost Estimate: £15,000
1: Kitchen refurbishment – £5,000
2: Bathroom upgrade – £3,000
3: Flooring replacement – £2,500
4: Painting and decorating – £2,000
5: Electrical updates – £2,500