3-bed townhouse to rent in Cheltenham — $4K | Dwelfy

Deals · 8036 Milltown Cir, Cheltenham, PA 19012

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Pays from day one — check the rent yourself

Rented normally, you'd make about $2,338 a month, and it holds up.

The rent is our own estimate — worth checking against two or three real local lettings. One month without a tenant wipes out about a month of that profit, so keep a buffer for gaps.

8036 Milltown Cir, Cheltenham, PA 19012 · 2,570 sqft · $2/sqft

3 BED TOWNHOUSEListed 47d ago

$3,995

List price

Monthly profit

+$2,338/mo

Cash needed

$1K

+ refurb costs

Return after costs

795.6%

Cash return

2485.4%

Weak

We could not confirm the local rent, so check it before you offer — the 929.96% return before costs on price rests on it.

Why it works

Monthly profit +$2,338/mo from completion — the no.1 reason to invest
This is the money left after the mortgage, the running costs and tax — not the rent.It assumes the rent we modelled and the empty weeks we assumed. Change either and it moves. Try your own numbers →
Stress Rent-covers-mortgage check PASS at 6.5% rate stress — lender-friendly
Lenders test the rent against a stressed rate, not the one you are quoted. This clears it.The cover level is each lender’s own policy, not law — treat it as the shape of the test. See the lender's view →

Why to be cautious

No rent comparables — estimate is a rule-of-thumb fallback, not market data. Verify the rent locally before offering.

Research, not financial advice · how we decide →

Ready to move on this deal?

Generates an offer pack with your numbers & sources — take it to the agent.

Listing seen …

What if…

Standard rental on an Assured Shorthold Tenancy. Single household, market rent, paid monthly direct to landlord (or via agent).

You keep$2,338/mo

Cash in$3,526

Lender1239%

Where the rent goes$2,977/mo in

The mortgage 1%Running costs 24%You keep 76%

What you put in$3,526 up front

Deposit 16%Purchase tax 1%Doing it up 38%Fees 44%

Offer

Deposit

Mortgage rate

Standard rental

Rent

Empty weeks a year

Doing it up

Estimated, not surveyed — nobody has been inside.

More assumptions9

Mortgage term

Stress rate

Solicitor + survey

Lender fees

Letting agent

Insurance

Maintenance

Service charge

Ground rent

Where these figures came from15

Offer the asking price$3,995Asking price from listing

Deposit a typical assumption25%Standard 75% LTV for rental

Mortgage rate a typical assumption7.00%5-year fixed (market average) — 7.00% (as of 2026-05).

Rent worked out from local rents$3,096/moEstimated rent from few comparables — verify.

Empty weeks a year a typical assumption2 wksTypical voids for rental

Doing it up a general default, not this property$2,397Capped at 60% of $3,995 asking ($2,397). Raw model: $121,390–$226,130. Verify with a surveyor before offering.

Mortgage term a general default, not this property30 yrs

Stress rate a typical assumption8.00%Fed base + 2pp stress (8.0%)

Solicitor + survey a typical figure, not a quote$1,700Standard house — $1,100 legal + $600 survey

Lender fees a typical figure, not a quote$1,0602% product fee on $2,996.25 loan + $1,000 booking fee

Letting agent a typical assumption10%Typical rental agency rate

Insurance a typical figure, not a quote$20/moTypical building+landlord cover for sub-$200K

Maintenance a general default, not this property$67/moDefault $67/mo — type unknown

Service charge a typical figure, not a quote$0/moFreehold — no service charge

Ground rent a typical figure, not a quote$0/moFreehold — no ground rent

These are this page's own derivation notes, unedited. A figure marked a typical figure, not a quote is our model of a cost for a property of this kind in this area — not a price anybody has given you, and the first thing worth replacing with a real one.

Notes

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List price$3,995