For $315,000 this property is currently rented for $360 per week.

Two bedroom, two bathroom, spacious kitchen, large private balcony and, set in a magnificent estate only a short drive to Cairns central.

Current tenants lease is until August 2018.

An Olympic sized Swimming pool, two lap pools and grass tennis court ad to luxury living and a great lifestyle!

It includes high security for peace of mind along with very approachable onsite managers.

Body corporate, which includes insurance, is only $4,500 per annum.

A Lock up garage is also included

Those figures again (in case you thought it was a misprint)
$315,000 to buy, $360 per week in rent.
That really stacks up for an investor)