SUB $500k OFF-MARKET DUPLEX WITH RENTAL UPSIDE

The Details

Location: Northern Queensland

Type: Off-Market Residential

Purchase Price: $495,000

Expected Rent: $680/wk

Rental Yield: 7.14%

Vacancy Rate: 0.5%

Duplex with a 3-bed and 2-bed unit appealing to a variety of tenants

Positive cash flow

Potential to strata title units

Location primed for growth with big infrastructure spends and diverse employment opportunities

The tightening rental market will increase rents further in the next review

Low maintenance

Located in a quiet family-friendly neighbourhood and close to amenities