Trendy townhouse with bay glimpse and city lights in the Frankston High School Zone is only a short walk to Monash University, Frankston Hospital, Frankston High School, Frankston Botanical gardens, Foot Street shops and public transport. This spacious townhouse has large open living and a generous rear garden, 2 bedrooms with WIRs, new kitchen, new bathroom, new carpets and sun filled living area, has a separate laundry and car space. This will suit someone who wants a peaceful location. This is a must see.
Investors note this is ideal for your investment portfolio.

Estimated rental income:
$300pw x 52 = $15,600pa (approx.)
Estimated Mortgage cost:
(ie agent fees, insurance, OC, etc) = $12,320pa
Estimated Incidentals:
(ie agent fees, insurance, OC, etc) = $2,000pa
Estimated Depreciation benefit:
Capital Allowance (2.5%), renovations, plus F/F etc = $8,000pa
Net Benefit:
$9280pa (ie the purchaser can write this amount off on their annual tax return against their income each year)
Positive cash flow yield = 3.3%pa on purchase price of $280,000
Melways Reference: 102 F5

This information is for illustration purposes only. We recommend you seek independent financial advice from a financial advisor.

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