63 Simon Street, Buffalo

Address: 63 Simon, Buffalo
Type: Double Unit House
Sale Price: $44,000
Gross Yield: 26%

This larger style double unit house is in a decent area and will be sold renovated and tenanted.

Legals – $800
Vendor Financing – 5 year loan of 30% @ 10% interest – $13,200 loan, with monthly repayments of $330 ($220 amortisation and $110 interest)
Total Cost to Buyer – $31,600
Gross Monthly Rent $950
Monthly Costs $248
Net Monthly Rent $702 – 105 management = $598

IRR in first year assuming no capital growth – Net Income / Cost = 20%
IRR after 5 years assuming no capital growth – Net Income/Cost = 101%

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