Dublin 9
A six-bedroom HMO in Dublin 9
- Property
- HMO
- Investment
- €570,000
- Gross Rental Yield
- 11.58%
- Equity Created
- €250,000
Description
A six-bedroom house in multiple occupation in Dublin 9, a popular rental location on Dublin's northside within easy reach of the city centre. Acquired for €490,000, the property was refurbished at a cost of €80,000 to create a six-bedroom HMO, representing a total investment of €570,000. The property is let to a corporate tenant on a long-term lease, providing security of income. It generates a rent roll of €66,000 per annum, a gross rental yield of 11.58%. With a post-refurbishment value of €820,000, the project has created €250,000 of equity. The site offers further upside: the rear land presents an opportunity to develop an additional three-bedroom, one-bathroom house, subject to planning permission.
Figures shown are gross, before costs, finance and tax, and are not a forecast of future returns.