CASH COW 9% ROI 3 BEDDY+ 2 BED SLEEPOUT

Listing Number:  2359
Posting Date:  01 April 2014






 
Price:$388,000
Listing:CASH COW 9% ROI 3 BEDDY+ 2 BED SLEEPOUT
Type:House
Category:Private Sale
Bedrooms:5
Bathrooms:2
Region:Auckland
Site Area: 
Address: Login
Building Area:138 m2

Description:

Who wants to buy the cow and milk the cash surplus every year....?

Purchased in 2009 this home has had the same tenants since. Currently manged by Lexington Property.

3 bed hardiplank home with large 2 bed minor dwelling conversion.

House is very tidy and could do with renovation if you wish to make a buck along the way however been a great renter

Rented to one family keen to stay on.

Would consider swaps, luxury late model cars or trailer boats, caravans etc.

Purchase Price $388,000
Deposit 20% $77,600
Loan $310,400

Rental income $34,840
Interest 6%. $18,624
Rates. $1,836
Property exp. $2,613

Cash surplus. $11,767pa
Weekly surplus $226