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Attention Investors, opportunity to invest with an excellent Government Backed Incentive Scheme
Total Investment Returns of approximately $24,000 P/A,
Tenants are currently in place.
With the government incentive scheme (National Rental Affordability Scheme) this property makes for a solid investment. The scheme offers tax-free financial incentives to investors along with long-term tenants in place.
Benefits of investing with NRAS
An annual tax-free incentive that is indexed. (Just under 3 years left)
A positive cash flow investment
Reducing tax burden through potential negative gearing benefits
Tax deductions on interest payments
The combined Federal and State Government Incentives payable on an NRAS Approved Property for the full NRAS year ending is approximately $11,000 per year
The current owners are also benefiting with a Tax Depreciation Schedule.
*Tenant rent per week is $243.00 (may go up or down, is indexed)
*Government Contributions is approximately $211 per week
*Total return approximately $464 per week.
Plus $4,000 + Tax depreciation bonus (approximately)
Government backed incentive to December 2022
The property is situated in a great location, Burdell. Situated very close to schools and shops and just down the road from Bunnings and other specially stores. The home has a lot of street appeal and an inviting entrance into an open plan living space. 3 bedrooms and all with built-in cupboards, carpeted and air conditioned. The good size main bedroom has its own ensuite, and 2 car garage with electronic roller door.
Reap the benefits of an investment property that has very little chance of being vacant, NRAS properties are always easy let, with vacancy rates being at or almost at zero. This high rent return with this low sell price will help you pay large chunks of the mortgage back to the bank a lot faster. Put the money back into the loan and get way in front of the loan repayments, a very attractive 2.7 year plan.
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