LOOKING FOR OPTIONS

Looking for more than a home or an investment with a twist?<br/>A way to help pay of your mortgage or just an investment with an edge. <br/><br/>This large 4 bedroom 2 bathroom property has two separate living areas separated by 2 doors, 1 in the hallway and one in the laundry, turning this into 2 separate homes both having 2 bedroom & 1 bathroom with only a common laundry area shared.<br/>This means you have options standard homes or investment properties don't offer. <br/><br/>You can rent one half out and live in the other, or rent both halves and bring in 2 incomes, At present there are 2 tenancies and the property is still under the NRAS scheme which runs out on 14th August 2023 and currently it is providing investors a gross rental income of over $804 p/w when averaged out.<br/><br/><br/>You have 4 great options on purchasing this home:<br/>1. Leave it as it is and get 2 separate rental incomes as an investment, that currently includes the 2 NRAS credits. This would currently provide a gross income of approximately $39,968:00 Per year.<br/>2. Retain one to live in yourself and keep one as a rental to help pay mortgage potential gross rental of approximately $19,516 Per year.<br/>3. Retain one to live in and use the other for your elderly parents or family member to live in - PLUS if your family member qualifies as an NRAS tenant enabling you to retail the NRAS TAX Free incentive. approximately $11,248 Per year TAX FREE<br/>4. OR Remove the internal doors and return it back to a 4-bedroom x 2 bathroom home for a large family<br/><br/>Located, with easy access to the Kwinana freeway close to beautiful parks, new schools, medical centers, shopping center, what's not to love about this great location.<br/>Property features include:<br/>• 4 good size bedrooms<br/>• 2 good size bathrooms<br/>• 2 Living areas<br/>• 2 toilets<br/>• 2nd kitchen<br/>• 2 Reverse cycle Air Conditioning<br/>• Gas hot water<br/>• Large double garage.<br/>• Large front entrance<br/>• Stainless Steel appliances to both kitchens<br/>• Secure court yard and Alfresco area.<br/><br/>The current tenants in unit A are under contract till 14th/07/2021 and Tenant in unit B is under contract until 1/12/2021.<br/>The modern (CIRCA) 2013 built home, is located in the most sought after area of Baldivis, which is a hugely popular location for the most concerning buyers in the region.<br/><br/>The NRAS (National Rental Affordability Scheme)<br/>The National Rental Affordability Scheme is an Australian Government commitment to invest in affordable rental housing. The scheme addresses the shortage of affordable rental housing by offering tax free financial incentives to investors, so that the dwellings can be rented out to low and moderate - income households at below current market rates for a period of 10 years.<br/><br/>HOW DOES NRAS WORK?<br/>Under the National Rental Affordability Scheme, Investors receive a tax-free incentive per annum, currently the 20/21 NRAS year is paying $ $11,248.09 (indexed Annually) for each approved dwelling, rented at 20% below current market rent for a 10-year period from when it was activated.<br/>In certain markets, compared with a traditional property investment the tax free incentive can provide a better cash return than charging the current market rent on the property.<br/><br/>For more information please call Will.Trainer on 0414 934 693 or email me at [email protected]