[Done Deal] Under $300k and 8.4% Yield in 2025

DEAL WON THROUGH BUYERS AGENCY

The client had a budget of $300,000 and wanted a cashflow positive property from day one. He wanted to buy under value and have equity available to release into his next investment property.

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Contact iFindProperty
Contact iFindProperty

It was a pleasure working with Kara and iFindProperty. They made investing in property straightforward, seamless and stress-free.

Mark Whittaker

Description

This property was valued at $340,000 so there is $46,000 worth of equity at the time of purchase. We jumped on this opportunity for them as soon as it come up. My client was willing to a renovation to achieve an outcome, but happily in this case it was not required. It has a gross yield of 8.4%.

PROPERTY DETAILS
  • Bedrooms: 2
  • Bathrooms: 1
  • Car parking: 1
  • Floor area: 72m2
  • Land area: 0
  • Estate type: Crosslease (Freehold)
  • Rental appraisal: $475per week (Verbal rental appraisal - TBC in writing)
  • Rates: $3,915.93
LOCATION
  • $293,000
  • Gross yield: appraised 8.4%
  • Rental appraisal: $475per week (Verbal rental appraisal - TBC in writing)
ABOUT THE AGENT

Kara Niles

Licensed Salesperson
REAA 2008