SUB $350K POSITIVE CASHFLOW PURCHASE ON CORNER BLOCK

The Details

Location: Northern Queensland

Type: Off Market Residential

Purchase Price: $345,000

Expected Rent: $430/wk

Rental Yield: 6.48%

Vacancy Rate: 0.4%

Extremely high rental demand for this property type

Positive cash flow

Well maintained and great depreciation

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

Secured off-market avoiding competition from other buyers

Purchased under market value due to month-to-month lease. A new lease was negotiated for an additional $70/week!