Property description
Three Bedroom Semi-Detached
Gardens to Front and Rear
Driveway
Garage
New £10,000 Magnate Kitchen
Modern Fully Fitted Bathroom
40.64% Yield
Expected Rental Income £10,140 (Three Bed Share)
Outstanding Mortgage £60,100 (Repaid Within 11 Years)
Net Cash Flow £265 PCM
Gross Cash Flow Over 10.8 Years £109,512.20
Monthly Mortgage (Capital and Interest) £585 PCM
Property Price Increase of 11.39% Year on Year Over the Last Three Years
Lease Option Brief:
> Lease Option Sale Price £ 24,950
> You have Power of Attorney of the Property, for the term of mortgage (10.8 years )
> Benefit and Retain all Rents the property amasses
> Sell the property at anytime during the option period, keep proceeds from sale after mortgage is paid off.
Financial Example - Year 5 of the Option Period, you decide to sell property
- Sale Price Agreed £ 100,000
- Mortgage Outstanding £ 30,050 ( Remember you already paid half the mortgage off)
- Your Proceeds from Sale £ 69,950 ( Also factor in Net Rent in the 5 year period of £ 15,900) [ £ 85,850 ]
Financial Example - Year 5 of the Option Period, you decide to buy the property outright
- Purchase Price £ 30,050 ( Remember you already paid half the mortgage off )
- Property Valuation £ 100,000 - Equity £ 69,950 ( Also add-in Net Rent during the 5 year period, equates to £ 15,900 )
Property Features :
- 40.64% Yield
- Gross Cash Flow Over 10.8 Years £109,512.20
- Expected Rental Income £10,140 PA (Three Bed Share)
- Outstanding Mortgage £60,100 (Repaid Within 11 Years)
- Monthly Mortgage (Capital & Interest) £585 PCM