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CABOOLTURE PROPERTY MANAGAMENT AND SALES (CPMS) present these 2 x houses 2 x rental incomes conveniently located in busy Caboolture South 10 min walk from Morayfield Shopping centre, close to trains, buses, schools, restaurants. Always easily rented, run under management by local real estate agency for a passive positive cashflow investment for an investor.
Front house – 3 Bedrooms upstairs, 2 bathrooms, undercover carparking, polished wood floors, small yard for a pet and low maintenance.
New Back house (built in 2016) – 1 Bedroom, 1 Bathroom, off street parking, very private, very low maintenance.
Rent in front house $295pw + Rent in back house $200pw = $495pw
= $25,740pa
Rents set to rise this year.
Gross Return on Investment = 6.1 %
Less Expenses
Rates $3260pa
Water $2832pa
Insurance $780pa
Property Management $1679pa
Net Return on Investment = $17,189pa = 4.1%
At 80% lend at 3% interest = $10,056pa interest payable
Net Return on Investment with 80% lending = $7133pa (Passive Income)
Don’t let this one slip through your fingers, call now!
Properties currently tenanted please allow 24 business hours to arrange inspection.
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