Potential 4-Bed HMO, Grimsby, DN32 0JZ, £90,000
312D5 Patrick Street, Grimsby, DN32 0JZ - 2 views - 7 days ago
HMO
Refurb/BRRR
ROI: 11%
~93 m²





+21 photos
ValuationOvervalued
Investment Opportunity
Cash In | |
Purchase Finance | Bridging Loan |
Deposit (25%) | £22,500 |
Stamp Duty & Legal Fees | £5,700 |
Refurb Costs | £37,415 |
Bridging Loan Interest | £2,363 |
Total Cash In | £69,728 |
| |
Cash Out | |
Monetisation | FlipRefinance & Rent |
Revaluation | £90,500 |
Mortgage (After Refinance) | £67,875 |
Mortgage LTV | 75% |
Cash Released | £375 |
Cash Left In | £69,353 |
Equity | £22,625 |
Room Rate | £416 |
Gross Rent | £1,664 |
Running Costs/mo | £1,037 |
Cashflow/mo | £627 |
Cashflow/yr | £7,522 |
ROI | 11% |
Gross Yield | 22% |
Property History
Listed for £90,000
March 14, 2025
Floor Plans

Description
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