Great Investment – Great Location – Cashflow
Here is a fantastic opportunity to beat the averages and secure a great single standalone house on a freehold title and watch the cash come in every week.
This fully renovated property is located in the high growth area of Kelburn and has been set up as a 6 bedroom and 2 bathroom flat that currently has university students paying $1,380 per week and fixed until Feb 2021.
1. Purchase Price is $1,130,000
2. Current Annual Rent $71,760
3. 6.35% Gross Yield
4. High capital growth suburb
5. Located close to Victoria university
6. 6 Bedrooms and 2 bathrooms. Could be converted to 7 bedrooms if you wanted to.
7. Rates $3,778.26
8. Has rental upside for next year
9. No renovation required so watch the cash come in from settlement
10. $16,000+ positive cashflow pa (100% lending, 3.5% I/O mortgage, projections available on request)
This is great income in a premium location and will go quickly. Please contact me for further details and to express interest.