Located at Lot 469 Sunrise Terrace Ivadale Lakes in the suburb of Little Mountain Caloundra on the Sunshine Coast is this 4br home that includes 1 x NRAS payment of $10,000 approx per year for the next 10-years.

It’s full turn-key and priced well.
The details:

4 bedroom, 2 bathroom, double lock-up garage
Price $462,727
Living area 210.20
Land area 450m2
Address Lot 469 Sunrise Terrace Little Mountain Qld
Land Value $218,000
Land Stamps $6,474

The Calcs

Market Rent is estimated to be $460 per week less 25% NRAS discounting of $115 per week = $345 + $192 NRAS payment = $537
52 weeks of $537 rent = $27,924
Borrowing 100% of the purchase price + Land Stamps + Costs & Interest during construction of $12,000 = $481,201
Annual repayments using Westpac 3-year fixed rate loan of 5.29% = $25,455 or $489 per week
Negative Gearing Taxation Benefits based on $90,000 per annum PAYG income = $9,551 per year or $183 per week
Surplus income $27,924 + $9,551 – $25,455 – $3,000 (council rates, insurances, NRAS etc) = $9,020 per year

Interested investors please call Robert on 0403 577 353 or 07 3666 0126 24/7 for plans and to discuss this further. Visit the website for many more NRAS and non-NRAS properties for sale at http://www.nrasforsale.com.au