8 East View Kippax

  • 2
    Beds
  • 1
    Baths
  • 0
    Cars

£90,000 (GBP | AUD | EUR)

Positive Cash Flow £100.00
Instant Equity £15,000.00
Market Value £110,000.00 Monthly Rent £495.00
Purchase Price £95,000.00 Monthly Mortgage £395.00
Discount 13.6363636364% Monthly Profit £100.00

Mid Terrace House

Spacious mid terrace house which is situated in the very popular area of Kippax. It's close proximity to the motorway network and open countryside makes it a very sought after area. The property comprises of entrace porch, lounge, kitchen/diner, leading to low profile cellar. Two bedrooms, bathroom with bath/shower, sink and w/c.

Simon Mills

Mobile
0410341001

Email
smills@rhmv.com.au

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Total
Annual Rent £5940£6,118£6,301£6,490£6,684£6,884£7,090£7,302£7,521£7,746  
Annual Mortgage Cost £4,740£4,740£4,740£4,740£4,740£4,740£4,740£4,740£4,740£4,740  
Annual Profit £1,200£1,378£1,561£1,750£1,944£2,144£2,350£2,562£2,781£3,006 £20,676
                       
Value Of Property £110,000£113,300£116,699£120,199£123,804£127,518£131,343£135,283£139,341£143,521  
Mortgage Balance £95,000£95,000£95,000£95,000£95,000£95,000£95,000£95,000£95,000£95,000  
Equity £15,000£18,300£21,699£25,199£28,804£32,518£36,343£40,283£44,341£48,521 £48,521
                       
Assumes a 3% annual growth rate of rental income and property value. Total Profit From 10 Years Ownership       £69,197