Case Study

ADAVO

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Pre-Purchase

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rIP oUT

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wEEK 1

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wEEK 2

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wEEK 3

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wEEK 4 - cOMPLETION

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lAST dAY - dRESSING

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fIGURES
PURCHASE PRICE: 205,000 BEDROOMS: 7 RENT PER WEEK: 75 per room GROSS RENTAL INCOME: 2,100 pm GROSS YIELD: 12.3% LOAN TO VALUE: 70% DEPOSIT REQUIRED: 61,500 LEGALS: 600 STAMP DUTY: 2,050 (1%) MORTGAGE AMOUNT: 143,500 MORTGAGE PAYMENT: 8,610 (6%) RENTAL WEEKS: 48 (1 month void) GROSS ANNUAL INCOME: 25,200 LETTINGS MANAGEMENT: 3,024 (10%) TENANT FIND FEE: 1,050 (half month) BUILDINGS INSURANCE: 350 NET ANNUAL INCOME: 12,116 NET MONTHLY INCOME: 1,013.83 ROI: 19.0%
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commitment discipline excellence strength habit faith passion performance integrity

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