21 Janet Street, Buffalo

Address: 21 Janet, Kensington Bailey, Buffalo
Type: Duplex
Sale Price: $49,500
Gross Yield: 25%

This more recently built double unit house is in a good owner occupier area close to the popular suburb of Cheektowaga.

Legals – $800
Vendor Financing – 5 year loan of 30% @ 10% interest – $14,850 loan, with monthly repayments of $371 ($247 amortisation and $124 interest)
Total Cost to Buyer – $35,450
Gross Monthly Rent $1025
Monthly Costs $254
Net Monthly Rent $771 – 112 management = $659

IRR in first year assuming no capital growth – Net Income / Cost = 20%
IRR after 5 years assuming no capital growth – Net Income/Cost = 99%

CONTACT US
Tel: +44 20 7193 2079
E-mail: info at abbotsinchcapital.co.uk