14/11/2023
Do you want to make money on what you have in the bank? Sick of just getting a boring standard interest rate? Have a look at what YOU could make instead.
Area disclosed on exchange of contracts
45k purchase.
£11,250 deposit
£1350 stamp
£1000 Solictor fee’s
£12k renovation
£25,600 in deal.
End value 70k
Remortgage for 75%
£52,500 - original mortage of 33750
Cash exit £18,250.
£25,600 minus £18,250
71.3% cash on cash return.
Monthly cash flow after exit
£600 Rent achievable
£60 letting agent fee’s
£25 building insurance
£218.75 mortgage repayment
=£296.25
Time until initial investment is paid back 2 years 1 month.
Paying MINIMUM £300 a month for the rest of your life.
PLUS as we know house prices double every 10 years on average meaning after 12 years this deal will of made a staggering £123,500 including the equity left in, capital gain, the rental income and deduction of your initial investment.
That’s £10,291.66 a year, from investing £25,600.