This one came with a story. Current tenants were not being cooperative and putting downward pressure on the price. With some clever contract conditions and the help of our very knowledgeable Property Manager to protect our buyer we sealed the deal at well below market value. A neat, low maintenance property for under $500K with growth prospects and good cash flow. This is property number 2 for these clients.
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$485,000
Purchase Price
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$875,000
Current Value Price
$487,000
Equity Growth
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$400
Starting Rent
$650
Market Rent
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613 sqm
Land Size
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$388,000
Purchase Debt (80% Loan)
8.71%
Return on Debt
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1%
Vacancy Rate
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4
Beds
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2
Baths
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2
Cars