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Dublin 3
An eight-bedroom HMO in Dublin 3
- Property
- HMO
- Investment
- €730,000
- Gross Rental Yield
- 13.70%
- Equity Created
- €270,000
Description
An eight-bedroom house in multiple occupation in Dublin 3, a well-connected location within walking distance of the city centre. Acquired for €550,000, the property underwent a €180,000 refurbishment to create an eight-bedroom HMO, representing a total investment of €730,000. Let on a long-term lease to a corporate tenant, the property delivers a secure, predictable income of €100,000 per annum, a gross rental yield of 13.70%. With a post-refurbishment value of €1,000,000, the project has created €270,000 of equity.
Figures shown are gross, before costs, finance and tax, and are not a forecast of future returns.