BTL in Newcastle

High-Yield Family BTL - Newcastle (with Long-Term Growth Potential)

Property details
• Detached house
• Freehold
• NEEMA Rational Traditional construction
• 3 bedrooms
• 2 bathrooms
• 93 m2
• EPC C

Financials
• Target purchase price £118, 000
• Purchase costs: £10,750, (includes £3,000 sourcing fee, legal £1500, insurance £350 and SDLT of £5,900).
• Estimated rental: PCM: £950, PA £11,400
• Mortgage payments (75% LTL at 5%) £368 PCM
• Monthly NET: £521
• Annual NET: £6,255
• ROCE: 16%,
• Gross Yield: 10%,
• Total investment required: £40,250
• Gross Rent Mortgage Coverage: 258%
• Net Rent Mortgage Coverage: 141%

For further details or to invest please contact.