Positive Cash Flow Duplex Pair With Equity Uplift
Property ID: 18073165
Purchase Price $683,500
Rent $400 + $400 = $800 per week (Estimated)
Gross Yield 6.09% (Estimated)
Estimated Value At Completion $365K + $365K = $730K
To Be Constructed
Pick up a positive cash flow, strata titled duplex pair walking distance to almost everything the locals need. With an estimated $47K in equity built in at completion you will be in front from the start.
It is just walking distance to a Train station with direct link to Brisbane, Bus stop, Restaurant's, Cafe's, Bars, Parks, Schools, Supermarkets, Cinemas and Shopping Centre, resulting in a walk score of 80.
Within 2KM there are 2 hospitals and a TAFE campus.
Each unit has;
3 bedrooms, main with split system air conditioning, ensuite and walk in robe;
Built in robes and ceiling fans in bedrooms 2 & 3
2nd Bathroom with bathtub
Stone bench tops and stainless steel appliances in the kitchen
Split system air conditioning and ceiling fan in the living area
Single Lock up garage with internal entry
Outdoor entertaining area under roof
Security screens throughout
1800mm Timber paling fence
Estimated positive cash flow of $88 per week.*
The suburb is going through a revitalisation which is bringing new families; the population growing by around 2,500 over the past 3 years. This has resulted in more local jobs with a new Coles, Aldi, Restaurants and Cafe's opening. Vacancy rates are extremely tight at 1.1%.
The city itself is booming with the population growing at almost double the rate of Brisbane over the past 4 years. This has lead to vacancy rates for the entire city of just 1.4%. The city population is forecast to grow by a further 30% in the next 20 years.
With more than $9.5 Billion of commercial and infrastructure projects either approved or under construction and a further $3.9 Billion worth of proposed projects, this region is set for a period of strong growth.
For further details call Matthew Barnes on 0430 979 900.
All properties referred to are a part of the We Find Houses Direct range of properties so no buyer's agency fees apply: https://wefindhouses.com.au/invest/direct
* Figure is an estimate only based on a 4.5% interest rate, borrowing the full purchase price + costs and the purchaser earning more than $87,000 p.a. Figures will vary for each individual's circumstances and you should seek advice from your accountant to obtain accurate figures for your personal circumstances.