TRIPLE TREAT - CASHFLOW POSITIVE PORTFOLIO

24A, 24B & 24C Gordon Road, Western Heights, Rotorua
Cross Lease

Property Details

  • Type
    Cross Lease
  • Location
    Western Heights, Rotorua
  • Price
    Asking Price: $799.000
  • Property Size
    80

TRIPLE TREAT - CASHFLOW POSITIVE PORTFOLIO

3 x STANDALONE 80sqm WELL-MAINTAINED CASHFLOW-POSITIVE HOMES 

Advert Listing Price $41,000 below New Current Registered Valuations of $280,000 each House = $41,000 Instant Equity ($13,666 each property)

DO THE $MATH$:
* Rental Income $56,500/year ($1085/week)
* Est Mortgage (70%LVR @ 5% Int): $29,000/year
* Rates $2420/$2460/$2430pa
* Practically the perfect gold-standard Yield of 7%

HAS THERE BEEN A BETTER TIME TO INVEST?
* Mortgage interest rates lowest since World War II !
* Banks returning back to 70% LVR approvals on Rentals
* Rotorua has highest 5-year capital gain for entire Waikato/BOP regions
* NO signs of the market slowing down !
* Chronic shortage of rentals (so Landlords able to pick great tenants)
* And remember, it can be safer to own three inexpensive rentals than one expensive rental!

NOTE: GOVT's NEW RING-FENCING LEGISLATION is definitely taking affect from 1st April this year and two things are clear:
* Property Expense spending before 31st March will still allow that investment loss to flow through to a tax refund - after 1st April that expense is ring-fenced ... so move quickly!
* If you currently own negatively-geared property, from 1st April it will make sense to off-set that against a positively-geared property like this.

MORE PROPERTY SPECIFICS:
24a - Lockwood Initial home with semi-closed-in carport & small deck
24b - Conventional house with roomy deck and roomy carport
24c - Lockwood Initial Home with small deck and roomy garage
Each Dwelling has a 1/6-share of 2911sqm
Insulation Compliant - Tick
Heating Compliant - Tick


All respectful responsible Tenants all keen to stay and a great Property Manager to look after your investment if required.

 

 



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