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JV Property
Gross Net
Amount of Bedrooms: 2 Property Management Fees (8% + VAT):
Reception Rooms: 1 8% Commission:  £                       520.00
Type of Property: Terraced VAT:  £                       104.00
Method of Sale: For sale on market
Asking Price:  £55,000 Total Management Fee:  £                       624.00
Date on the market: Thursday, August 22, 2019
Days on the market: 60
Voids (5% annual void)
Size (sq. ft.) 591 Annual Rental Income:  £                         6,175
Annual Rental Income (higher end):  £                         6,422
Cost per sq. ft. (asking price):  £                                                   93.06
Cost per sq. ft. (offerprice):  £                                                   87.14 Capital Gains Tax
Higher-rate taxpayers: 28%
Basic-rate taxpayers: 18%
Costs:
Purchase House/Offer Price:  £51,500 -£           3,500 Higher-rate Tax:  £                         4,214
Stamp Duty:  £                                                   1,545 Basic-rate Tax:  £                         2,709
Legal Fees:  £                                                   1,000
Rehab Costs:  £                                                   6,700 Net Return
3 months council tax:  £                                                       305 Gross Annual Rental Income:  £                         6,500
3 months of bills:  £                                                       150
Buildings insurance  £                                                       300 Management Fee:  £                       624.00
Total Est. Costs:  £                                                 61,500 Voids:  £                             325
Net Annual Rental Income:  £                   5,551.00
Rental Income: Net Annual Rental Return: 9.03%
Weekly Rental Income:  £                                                       125
Weekly Rental Income (higher end):  £                                                       130 Sale:
Potential Sale Price:  £                       72,000
Annual Rental Income:  £                                                   6,500 Net Rental Income:  £                         5,551
Annual Rental Income (higher end):  £                                                   6,760
Net Revenue:  £                       76,551
Annual Yield: 10.57% Profit:  £                       15,052
Annual Yield (higher end): 10.99% Net Annual Return (12 Month Rent + Sale) pre tax 24.47%
Capital Gains Tax:
Sale: Higher-rate Tax:  £                         4,214
Potential Sale Price:  £                                                 72,000 Gross yield Basic-rate Tax:  £                         2,709
Rental Income:  £                                                   6,500 9.0%
Legal Fees:  £                                                   1,000 Net Profit (higher rate tax):  £                       10,837
Total Revenue:  £                                                 76,551 Net Profit (lower rate tax):  £                       12,342
Profit:  £                                                 15,052
Net Annual Return (12 Month Rent + Sale) – High rate tax 17.62%
Total Annual Return: 24.47% Net Annual Return (12 Month Rent + Sale) – low rate tax 20.07%

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