HAMILTON EAST - GUARANTEED RENT AND FREE MANAGEMENT 2 YEARS!

Listing Number:  1421
Posting Date:  07 April 2009






 
Price:$390,000
Listing:HAMILTON EAST - GUARANTEED RENT AND FREE MANAGEMENT 2 YEARS!
Type:Townhouse
Category:Private Sale
Bedrooms:5
Bathrooms:2
Region:Waikato
Site Area:150 m2
Address: Login
Building Area:442 m2
Property Image

Description:

Currently rented at $530pw on a fixed term tenancy until 14 February 2010.

I am also offering;
FREE MANAGEMENT FOR 2 YEARS!!!
RENTAL GUARANTEE FOR 2 YEARS!!
Please see the figures below.

We are so confident of you being able to achieve these rents with our management in place, we will provide a 2 year rental guarantee from 15 February 2009.
Thats right through till 14 February 2011!!!

This property represents a 7.5% yield at asking price, on a quality near new property.
Take advantage of today's historically low interest rates and this will be cashflow positive from day one (see projected cashflow below).

Ideal Investment property or Family home.
Excellent tenants in place.
Very low maintenance.
Located on Fox Street, a fantastic location in the ever popular Hamilton East.

Excellent 5 bedroom brick townhouse only 2 years old (Code of Compliance June 2007).
5 double bedrooms, 2 large bathrooms.
Large modern kitchen, seperate dining, large lounge, separate laundry.

Rent $27,560
Vacancy $(0)
Management $(0)
HCC Rates $(1,387)
EW Rates $(328)
Insurance $(570)
Maintenance $(500)
Interest $(17,160)
(80% x $390k x 5.5%)
Net Cashflow before Tax +$7,615
Depreciation $(11,000) approx
Net Profit (Loss) before Tax $(3,385)
Tax Refund (Payable) +$1,320
Net Cashflow after tax @ 39% +$8,935
(All figures approximate only).

Cash invested $78,000
Net cashflow after tax $8,935
= RETURN ON CASH AFTER TAX 11.4% p.a.

Please contact owner on 0275 766 174