Located at Lot 537 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, single lock-up garage
Price $419,190
Living area 168.11
Land area 326m2
Address Lot 537 Sandstone Way Little Mountain Qld
Land Value $197,000
Land Stamps $5,681
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 = $436,871
Annual repayments using Westpac 3-year fixed rate loan of 5.29% = $23,110 or $444 per week
Negative Gearing Taxation Benefits based on $90,000 per annum PAYG income = $8,607 per year or $165 per week
Surplus income $27,924 + $8,607 – $23,110 – $3,000 (council rates, insurances, NRAS etc) = $10,421 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 more NRAS and non-NRAS properties at http://www.nrasforsale.com.au