R2RSA in Southampton

Sourced are pleased to present another exceptional opportunity to take on a stunning 3-bedroom house for R2RSA in Southampton on a 5-year agreement. The unit benefits from 3 bedrooms, living room and dining area and 1 bathroom and has been fully refurbished to a lovely standard. The property also benifits from free on street parking. The property is in a fantastic locaition near various hosptials and businesses whilst also being close to the sea side.

The unit will comfortably be able to sleep up to 8 guests. The total rent payable for the unit is £1,550 which does not include bills. The financial figures provided also allow for management costs and OTAs and the profit is net after all costs.

The unit is available on a 5-year contract. This investment can be fully managed by our managing agent or self-manged making it as hands-off or hands on for you. We'll also get you set up on our online platform, so you have full visibility of bookings/revenue.

The management fee is 14% + VAT of net revenue. This includes full management covering everything from check-ins, check-outs, cleaning, and maintenance.

Pictures, location details and a detailed financial breakdown are available on request.

Sourcing fee of £4,000

The financials:
▪ Rent: £1,550
▪ Ongoing monthly costs (including approx. bills cost)*: £469
▪ Average nightly rate: £200
▪ Revenue at 70% occupancy: £4,259
▪ Revenue at 85% occupancy: £5,171

▪ Deposit: £1,550
▪ Sourcing fee:£4,000
▪ Furniture: £7,000
▪ Total Upfront Cash Required**: £12,550

▪ Monthly profit at 70%: £1,056
▪ Annual profit at 70%: £12,675
▪ Profit over 5 years at 70% (assuming no increase in nightly rates): £63,377

▪ Monthly profit at 85%: £1,715
▪ Annual profit at 85%: £20,583
▪ Profit over5 years at 85% (assuming no increase in nightly rates): £102,916

▪ ROCE over 1 year at 70%: 101%
▪ ROCE over 5 years at 70% (assuming no increase in nightly rates): 505%
▪ Months till profit: 12