Convert Negative Gearing Into Positive Cash Flow
Property ID: 17111045
Purchase Price $390K
Estimated Current Rent $385 per week
Estimated Current Yield 5.13%
Cost to convert to 4 bedrooms, Remove backyard sheds & Build Granny Flat = $140K
Rent per bedroom $140 per week X 4 + Granny Flat $135 per week = $695 per week
Total Estimated Cost = $530K
Estimated Yield on Completion 6.82%
Turn a negatively geared property into a positive cash flow, multiple income investment.
Purchase then add value to this great little investment in one of NSW hottest markets.
The existing house has 3 bedrooms, 2 bathrooms and 2 living areas. The second living area could easily be converted to a 4th bedroom by adding a door and storage. You could simply rent the house as is for a little extra rent or rent each room separately to students from the nearby University or staff at the Hospital, just a 3 minute walk down the road.
There is also room to add a granny flat at the back of the property (subject to Council approval), which will allow you to maximise the returns on this property.
Bus Stop 70m
Train station 1.5km;
Stockland Shopping Centre 3km;
2nd Hospital 7km;
Your tenants will also have easy access to Supermarkets, Cinemas, Schools, parks, Restaurants, Coffee Shops, Medical facilities, Chemists, Australia Post and Banks. With public transport so close, they can easily access the CBD.
To secure this opportunity call Matthew Barnes on 0430 979 900.