Rent-to-SA Deal - 1 Bed House in Gillingham
House
Description
Overview
This is a profitable rent-to-SA deal with a high ROI and a low initial investment.
The property is located in a desirable area with shops and amenities nearby.
The property has street parking available and is unfurnished, which gives you the opportunity to furnish it according to your taste and budget.
The agent is willing to accept a rent-to-SA agreement and the finders fee is reasonable.
Initial Investment
Nightly Rate: £129
Deposit: £1,100
Furnishings: £2,000
Finders Fee: £3,000
Rent in Advance: £1,100
Total: £7,200
Monthly Cash Flow
Occupancy Rate: 77% (based on SA Rentals data)
Gross Income: £3,066 (129 x 0.77 x 30)
Expenses: £1,861 (1,100 + 326 + 435)
Rent: £1,100
Bills: £326
Management Fee: 15% of gross income (£435)
Net Profit: £1,205
ROI: 278% (14,467 / 7,526 x 100)