SOLD – 3 Bed House, 25% Below Market Value in Walsall, Greater Birmingham –
December 18th, 2009
Deal Summary
- 3 Bedroom semi-detached house with driveway
- 25% below market value
- £23,750 instant equity
- Tenant in place from day one.
- £1200 rent upfront
The Figures
Valuation: £95,000
Guaranteed Discount: 25%
Purchase Price: £71,250
Instant Equity: £23,750
Monthly Cash-flow
Rent: £350
Mortgage (4.35%): £258
Insurance: £ 10
Profit £82