6 Bed HMO
The Project
We renovated a rundown property and turned it into a spacious 6-bedroom House in Multiple Occupation (HMO). After refinancing, we got back all our money from the deal, leading to an infinite return on investment (ROI). This smart approach to renovation and finances ensured a successful and lucrative outcome for the property investment.
Before
Total Acquisition Cost – £180,000
Refurbishment Cost – £155,500
Total Initial Investment – £335,000
After
End Value – £450,000
Money pulled out after refinance – £337,500
Total Money Investment – £0
The Results
Annual Gross Rent – £51,840
Rental Net Profit – £9,185
Annual ROI – Infinite