What to do with this Professional HMO?

We are in the process of getting ready two Professional HMOs in Greater Manchester. We have 3 in legals. The numbers on this property are as follows…

4 Bed Ensuite

Rents blended expected 650 a room 31,200 a year

Cost all in 200k

Sales price Net 12% – 260,000

60k Gross Profit.

While we are waiting to sell the property it will be cash flowing. Let me know what you think of this model.

# hmo