You don’t know how many times I get asked if we have any cash flow positive investments. Well here it is!! 2 bedrooms upstairs with an expected rental of $300 per week and downstairs is currently rented for $200 per week. So in simply terms with income of $26,000p/a and costs of $23,650p/a including loans, council rates and insurance you are $2,350 in front. That’s even before you claim the tax benefits of your investment.
This great investment property has recently been refurbished and there no need to spend a cent. Location is very central so tenants will love it. And no body corporate fees, how good is that? If you want an affordable entry into the property market and want help paying it off then why not live upstairs and have the extra $200 from downstairs to help pay the loan. This is what the current owners are doing and it works a treat. Whichever way you look at it is a sensational opportunity.