5 bed Professional HMO in Greater Manchester in Atherton

Progress on this 5 bed Professional HMO in Greater Manchester in Atherton. It looks like organized chaos at the moment however all is in hand and progressing. These Professional HMOs take a good 8 to 10 weeks and then potentially another month to tenant. Then the cash flow starts coming. We are anticipating between 600 to 650 a room a month. Thus this 5 bed on a low side should gross 36,000 and potentially to 39,000. Usually it is prudent to deduct 25% for management, utilities, general rates, insurance and maintenance. We are budgeting total cost of 190,000 which includes an extension. Watch our progress on all of our Professional HMOs

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