SUB $400K POSITIVE CASHFLOW PURCHASE ON LARGE BLOCK
The Details
Location: Northern Queensland
Type: Residential
Purchase Price: $395,000
Expected Rent: $480/wk
Rental Yield: 6.3%
Vacancy Rate: 0.4%
Why we love this property
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
5 rental applications prior to settlement
Owner occupier appeal with fantastic floor plan
