1-Bed R2RSA in Jarrow - via sourced property group

Albert Road, Jarrow, NE32

This is a 1-bedroom R2RSA in Jarrow, it has zero deposit and the rent to landlord is £525 (1-month in advance). It is fully furnished. The ROCE is 55% at 80% occupancy.

The financials:

▪ Rental price: £525

▪ Annual profit: £3,576

▪ Annual rent: £27,648

▪ ROCE: 55%

▪ Yield: 55%

Figures are based on £56 per night.

Income per month:

▪ @ 100% occupancy: Gross return £2,880 pcm (Net: £589 pcm; Annual: £7,068)

▪ @ 90% occupancy: Gross return £2,592 pcm, (Net: £443 pcm; Annual: £5,322)

▪ @ 80% occupancy: Gross return £2,304 pcm, (Net: £298 pcm; Annual: £3,576)

Upfront costs:

▪ Sourcing fee: £2,000

▪ Furniture cost: £1,000

▪ 1st months’ rent: £525

▪ No Deposit