Dual Income - Potential 6.4% Gross Yield

Papakura, Auckland - $721,500

Excellent Buying - 2 Dwellings 1 Price!


Highlights:

Property Features: Excellent Buying - 2 Dwellings 1 Price!

  • Price: $721,500
  • Gross Yield: Potential 6.4%
  • Capital Value: $730,000
  • Rental Status: Vacant
  • Rent Appraisal: 3 Bedroom - $550 p/w
    1 Bedroom - $350 p/w
    TOTAL - $900 p/w
    Verbal Appraisal TBC in writing
  • Annual Rates: $2,577
  • Estate Type: Freehold
  • Floor Area: 140m2
  • Land Area: 755 m2

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If this property is not quite what you are looking for, contact the agent today to discuss finding a property directly for you.

About the Property

Configured as a three-bedroom home and a separately consented one-bedroom minor dwelling with two incomes on a full sized section of 755m2 in Papakura, a suburb that is experiencing significant development.

The main house features 3 double bedrooms, separate toilet and laundry areas, plus an expansive lounge area which opens through wide bi-fold doors to the decking.

Minor dwelling alongside of the main home which has been recently modernised, consists of one double bedroom, spacious lounge, kitchen and brand new chattels.

Key highlights of the deal:

  • Cashflow positive ($6,250 on 100% lending at 4%)
  • Rental appraisal $550 + $350 = $900 p.w
  • Potential 6.4% gross yield
  • Chattels include - new stove, new blinds, new curtains, 2 x oven & Hobbs, rangehood
  • Purchase price - $721,850 (includes iFindProperty fee)

Very rare on the market take action now to secure this property!

Amenities

Train Station, Bus Stops, Motorway Access, Town Centre, Supermarkets, Retail shops and District Medical Centre.

CF Calculator.pdf

Kunal Mehta
Property Investment Specialist

kunal@ifindproperty.co.nz
021 024 69442

Contact us about this property

Agent Contact Details

Kunal Mehta
Property Investment Specialist

kunal@ifindproperty.co.nz
021 024 69442

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