Double Income Rentals.
12 Norton Drive Shailer Park
A new development for 12 Norton Drive, Shailer Park. With a projected rental income of $840-$860 a week.
Positively geared $129/week.
How it works.
We negotiate the price of the land on your behalf with the real-estate agent and the owner of the land. Once we have the right price, our client will then settle directly with the owner.
A building contract has already been drawn up and all aspects have been covered and discussed as we would with our other clients. Once the contract is signed, building work commences.
During the construction process, our client is kept up to date with the progress and any decisions that they have to make regarding colour choices for paint or landscaping choices, as per the contract. For more information please see our building process page.
While the project is running, lease agreements can be drawn up for you to look over so you are happy with the conditions, and we can start looking for tenants through our real estate agent.
Facts and Figures.
Total Investment: $638,514.40
Land Price $220,000.00 Stamp Duty $6,514.40 Building Contract $412,000.00
Per Year Costs
Loan: $38,310.86 - 6% interest.
Maintenance: $500.00
Water: $800.00
Rates: $1,200.00
Insurance: $660.00
Per Year Return
Weekly Rent: $850.00
Yearly Rental Return: $44,200.00
Depreciation Payout: $4,000.00
Profit/Loss
Total Costs $41,470.86 Total Return $48,200.00
ROI 7.55% Profit/Loss $6,729.14
Weekly Profit: $129.41
Features.
Upper Level:
3 bedrooms plus master bedroom.
1 bathroom, 1 powder room with toilet and ensuite to master.
Theatre, lounge and family room, plus dining.
Double garage.
Roofed deck plus rear porch.
Kitchen with Miele appliances.
Lower Level:
1 bedroom plus master bedroom.
1 bathroom, 1 powder room with toilet and ensuite to master.
Lounge, breakfast bar and patio.
Single carport.
Fully enclosed kitchen with builders-standard appliances.
Contact and Quote.
To find out more about this investment opportunity, contact us here.
Alternatively, call Sean on 0404 888 452 for a free no-obligation meeting.