This to-be-constructed Triplex located in the suburb of Yamanto (Moreton Crest Estate) consists of a 3br home with adjoining 2br home and separate 2br home all on one title that can be strata titled. Mix and Match available. Complete, strata title and sell 2, keep 1 and have a little or no mortgage?

Each dwelling is provided with 1 x $9981 NRAS payment per year totalling $30,000. This Triplex is the only one that NRAS For Sale has packaged in this suburb.

Expected rents are $310pw for the 3br and $280pw for the 2br.

Calculations could look like the following:

Total NRAS rental income investors can expect is $696pw x 52wks = $36,192

3 NRAS payments per year total $29,943.

NRAS fees per year based on 3 incentives x 3.5% of $9,981 x 3 = $1,047

Property management fees per year at 10% + gst of market rent = $3,981 plus 3.5% Quantum fee = $1,266

Total income = $36,192 + $29,943 – $1,047 – $3,981 – $1,266 = $59,841pa.

Investors borrowing 100% of the purchase price based on $699,750 x 5.79% 3-year fixed Westpac or NAB rate = $40,515pa.

**Surplus cashflow per year is $19,325**

In addition don’t forget $12,000 per year in reduced tax to pay as applicable thanks to negative gearing.

Also, capital growth at 4% pa = $34,337

Investors will require at least $150,000 in home equity to purchase as its unlikely there will be lenders mortgage insurance available on Triplexes.

Please contact Robert Kirk on 07 3666 0126 for more information and an Expression of Interest to secure the only Triplex available in Queensland at this time. http://www.nrasforsale.com.au