Buy of the month - Saved our client $15k from a contracted price on the same property less than 2 weeks prior
Financial Highlights*
- 4.1% Gross rental yield
- 5.7% year on year historical growth over last 20 years
- Property will only cost the client $8 per week with a 10% deposit plus purchase costs based on $100,000 single income and interest only loan
- Purchase costs with 90% LVR $127,000 including deposit, legal fees, stamp duty and LMI
Property Details:
First contract did not proceed at $630k. Vendor negotiated hard however Providence secured for $615k, saving our client $15k and paying for the cost of the service plus more. Property highlights:
- On Large flat block of land
- Over 200sqm internal house
- 17km to Brisbane CBD
- 2.4km to train station
- Low suburb vacancy rate of only 2.04%
- Low maintenance and in immaculate condition
- Already Leased to long term tenant
- Huge potential for low cost uplift in future
*Calculations based on the following assumptions:
- Weekly holding cost calculated using PIA Professional Software based on $100k income with 90% of purchase price financed at 4% interest only
To source a similar property please contact …
