Positive 8% Nett Cash Flow!
- 9 Beds
- 3 Baths
- 2 Cars
The heading says it all... borrow at 5% on a 95% lend and return over 8% after costs with little to no effort at all. Our seller has two of these amazing properties and the other one just sold for $870,000... this is a bargain!You can search and compare around the market place but you will not find a residential property with such a high yield and so much additional potential. Need more? A change the material use with BCC for around $20k will allow you to double the returns or more!
Rental income per annum $68,380
BCC Rates, Utilities, Gas, Power $6,843
Nett Income per annum = $61,537
After Tax the figures look even better and all this before you add the gain in property value over time!
The address is high profile with direct transport to the city or university. This property has never had a vacancy and is highly sought after. Purpose built of brick and suspended concrete, super easy to self manage and with future development potential for units. Buy now and profit from day one then develop and capitalise on the high demand for brand new real estate.
- Potential to develop later on (ask me how)
- Building 1 = 1 bedroom, 1 bathroom + 2 car lockup
- Building 2 = 8 bedrooms (just 6 being used), 2 bathrooms, large kitchen and lounge area
- Plenty of storage
- All bedrooms open to balconies OR terraces
- Good sized laundry
- Block Size 503 sqm
- Solar power array
- Solid brick construction
- Ultra low maintenance
- Purpose built
- Fully insulated
- Bus stop just 300m away and direct to the University of Queensland
- Inspected by council as Budget Accommodation with current 1B fire classification
If you are looking for a safe, predictable and secure means to grow your personal wealth, real estate is the key. Not only is massive growth predicted over the next 3 - 5 years, you can gear this property up as high as you like to maximise the return. Properties like this are like hen's teeth. Negotiating now.
- Air Conditioning
- Built-In Wardrobes
- Close To Schools
- Close To Shops
- Close To Transport
- Double Garage
- Secure Parking
503m² / 0.12 acres
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