CHEAP! CHEAP! CHEAP! That’s not a bird singing, that’s our price!

Be quick to secure this cosy & compact 35 sqm bedsit unit with separate kitchen and combined laundry bathroom, front porch and reverse cycle air conditioning in BOOMING Langford – last 12 months median price growth of over 11% – REIWA Figures September 2013. Also featuring under cover carport parking, storeage area and garden shed.

The property is currently tenanted at $260 a week, providing a Gross Rental return of 7.5% on the purchase price, or 6.27% NETT Return after annual expenses – strata, shire & water rates.

This property is a perfect addition to any Investment Portfolio or a great way to turn your equity into BETTER THAN BANK INTEREST cash flow.

Contact selling Agent Paul Elliss – 0438 678 118 for more information.

OUTGOINGS
Annual Water Rates $ 589.6
Annual Shire Rates $1,156.00
Annual Strata Fees $540.00
ANNUAL OUTGOINGS = $2,285 per annum

INCOME
Rent at $260 a week x 52 = $13,520
ANNUAL INCOME = $13,520
Income Less Annual Outgoings = $11,235
$11,235 / $179,000 = 6.27% NETT return on purchase price!

Property Code: 192