, Kingston

"Contract Crashed" Urgent Sale

• 3 Bedroom Brick & Tile
• Brick Garage
• Big Corner Block - 860sqm – 2 Titles on block
• Pool
• Walk to train approx 500m
• Walk to School, Shops,
• Will rent for $550/w
• 11% rental return
• Buy and Hold for future split
• BA fee $7000 + gst

Loan on 247k @ 5.5% interest only = $261 /w
Rates = $ 25 /w
Water (reasonable estimate only) = $ 30/w
Electricity = $ 30/w
PropertyManagement =$55/w
(10% of rent @ $550/w)

Total out goings = $401 / w


- RENT (at 550/w) = $550/ w
- Depreciation (estimate only) = $20/w

Total incoming = $570 / w

Cash flow positive = $169/w

11.5% return (based on $550/w x 52 weeks = $28,600 PA / $247k)

Note: this is based on;
- No increase in rents.
- No deposit.

Note that these calculations have been done to the best of the authors knowledge but are not to be relied upon for legal purposes.