OVER 10% YIELD - CASHFLOW IN HIGH RENTAL AREA - 2 DWELLINGS

Listing Number:  1690
Posting Date:  02 December 2009






 
Price:$205,000
Listing:OVER 10% YIELD - CASHFLOW IN HIGH RENTAL AREA - 2 DWELLINGS
Type:Home and Income
Category:Double Settlement
Bedrooms:5
Bathrooms:2
Region:Northland
Site Area:120 m2
Address: Login
Building Area:710 m2
Property Image

Description:

2 Dwellings on one title.
Purchase Price $205,000
Rent $410 a week. Thatís well over $3,000 PTCF on a normal rental. That's over a 10% yield.

Deposit $18,000
Settlement 5 weeks or sooner after becoming unconditional

3 bedroom 2 storey home Ė tenants paying $240 a week rent
2 bedroom unit at rear Ė tenants paying $170 a week rent.
710 sqm
Rates $1890 pa
GV $205,000
Good street, schools very handy.
Extremely high rental area. Not enough houses for tenant. Great problem. The PM said donít worry about vacancy, you will never have any!!