$1,500 Positive Cash Flow Per Month
Property ID: 16508495
Purchase Price $570K
Existing Annual Rent $23,712
Annual NRAS Payments $22,096
5 Years Old
Separately Titled Duplex Pair
Are you earning more than $90K per year and looking for extra income? Then you need to look at this duplex pair.
With $22K in Government payments for the next 5 years, this investment will be a nice cash cow returning up to $19,000 in positive cash flow every year until 2021, when you will have the option of renting them on the open market, selling 1 or selling both.
Each unit has;
3 good size bedrooms, all with built in robes;
2 bathrooms, including an en suite;
Open plan living and dining area with split system air conditioning;
Single lock up garage;
Undercover outdoor entertaining area;
Good size yard;
Walking distance to Schools, Bus stops, Take away Restaurants, Convenience stores, Golf Course and Parks;
Train Station 2.3km
University Campus 3.4km
2 Hospitals within 3.7km
The largest Shopping centre in the City; with Aldi, Coles, Kmart, Target and Woolworths and over 150 specialty stores, 4.7km;
Located in South East Queensland the population of this region is forecast to more than double in the next 16 years, bringing an additional 75,000 jobs to the area. An additional 120,000 jobs are expected to be created within travelling distance to this location.
There is currently $Billions in infrastructure spending planned for this city. As a result this region is projected to see strong capital growth over the next few years.
Call Matthew Barnes on 0430 979 900 for further details about this property.