Positive Cashflow for a $250K Off-Market Purchase
Property ID: 17156285
Purchase Price $250K
Actual Rent $300 a week
Rental Return 6.24%
Property currently not on the open market.
Will this property be the next step in your portfolio? This detached house is located in Queensland where the median price has only just surpassed the last peak in the market in 2009-2010 offering the buyer potential growth. This property also costs nothing to hold or will put money back in your pocket.
There is strong demand for rentals in the area with the property never experiencing a vacancy longer than 1.5 weeks, current vacancy rate is 1.18% ( a balanced market is 2% - 3%)
This is set to continue with the population of this region 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 coming years.
Walking distance to a small shopping area with IGA, restaurants and coffee shops
1.2km to another shopping centre with Woolworths, Coles, Aldi.
Easy Access to Motorway
5 Schools within 2km
592 m2 corner block
Contact Yujin Yeoh now to secure this property on 0479 191 815.