This is another investment property ARM Empire sourced for our investor making a return on investment of 30% in 8 months
An agent I have a very good relationship with introduced me to this property and we had a viewing with the landlord’s Father who wanted his son to sell it as the son owed him money for a flat he had just bought him and renovated together. We negotiated the property to £61,000 cash. The full Purchase price including all of our solicitor costs and stamp duty £63,723. The full refurbishment Refurb cost came to a total of £21,000. The full cash invested was £84,723.
We had estimated an end value resale of £95,000 – £105,000 with an £18,277 average estimated flip profit at 22%. We sold this property for £110,000 making a flip profit of £25,277 which is 30% return of cash invested
If we had decided to keep the property we would have leveraged the money for the highest return and received a conservative Bank valuation of £97,000 x 0.75 = £72,750 (the amount the bank will lend to us)
£81,723(cash in) – £72,750 ( amount bank has lent to us 75% of value = £8,973
Monthly rent £525 Yearly gross rent £6,300
Monthly Mortgage interest 3% = £181.80
Monthly maintenance = £53 10% of rent
Monthly management cost = £53 10% of rent
Total costs pcm £287.80
Profit monthly after expenses=£ 237.20
Yearly rental profit = £2,846.40
2,846.40 ÷ 8,973 = 31% ROI
£72,750 will be given cash back
Any questions just give us a call on 07909613771 happy to Help.
ARM Empire front Before 
ARM Empire dwonstairs lounge 
ARM Empire kithen before 
ARM Empire bedroom 1 Before 
ARM Empire Bedroom 2 Before 
ARM Empire bedroom 3 Before 
ARM Empire bathroom Before 
ARM Empire Garden Before 
ARM Empire floor plan Before 
ARM Empire Bathroom Refurb 
ARM empire bedroom 2 / 3 Refurb 
ARM Empire lounge Refurb 
ARM Empire lounge/downstairs entrance REFURB 
ARM Empire downstairs Hallway Refurb 
ARM Empire diining room / kithen Refurb 
ARM Empire bedroom 2 Refurb 
ARM Empire lighting for stairs Refurb 
ARM Empire entrace Refurb 
ARM Empire Bedroom 1 Refurb and removal of chimney 
ARM Empire Upstairs full boarding / preporation for skimming Refurb 
£63,721.50 full purchase cost keys in hand
Have Any Questions? Give me a call on 07909613771 or drop us an email on [email protected]
OUR FEE for this project was £3,200 We also provide a full management fee for an additional £2,000 if you want ARM Empire to manage the entire process.
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