The Business Case
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Point of Reservation |
Within 28 days |
| Unit Price |
£319,000 |
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| Reservation deposit 7 days |
£15,950 |
£15,950 |
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| Exchange deposit (15%) |
£47,850 |
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| Notary fee |
£5,500 |
|
£47,850 |
| Mortgage Fees - Insurance |
£3,200 |
|
£5,500 |
| Power of attorney |
£140 |
|
£3,200 |
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|
£140 |
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|
£15,950 |
£56,690 |
| Total Net Entry Cost |
£72,640 |
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| Yield |
4.06% |
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| Anticipated Monthly Rental Income |
£1,079 |
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| Less: Management fees @ 11% |
£108 |
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| Monthly Income |
£971 |
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| Monthly Mortgage cost @ 4.9% |
£1,042 |
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| Monthly Outflow |
£1,042 |
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| Net Cash Flow per Month |
-£71 |
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Please not that service charge and ground rent are on-going costs which are not included in this example.
Information Provided
Whilst every care is taken all figures and projections produced in this document are provided in good faith and should be taken as a guide only.
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