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This student only accommodation unit on offer would slot in to any portfolio or SMSF nicely. This property CANNOT be owner occupied and is only used for students.
Priced appropriately for their returns and managed onsite, these units can easily tick away as a passive income.
Fully furnished, this unit features:
• 3 bedrooms each with ensuite, built-in robe & ceiling fan
• Modern kitchen with pantry, dishwasher + fridge & microwave included
• Combined lounge & dining area with ceiling fan
• Facilities include in ground pool & recreation room
Financials:
INCOME:
• Current rent return = $21,618.26 per annum
LESS EXPENSES:
• Rates = $1,736.40 per annum
• Water approx. = $1,485 per annum
• Body Corporate approx. = $73 per week ($3,796 per year)
BALANCE = $14,600.86
LESS:
Mortgage Repayments: $504 per month
(Based on borrowing full $225,000 with NAB on a 30 year loan with a 3 year fixed rate of 2.69% "Choice Package" Residential Investment Home Loan on Interest Only.)
Net Profit of $8,552.86 per year (being $712.73 per month)
Situated in the central suburb of Ashmore with all that you could want or need at your doorstep including Tavern, food outlets and shopping centre within a couple of minutes walk. There is also a bus stop at the front door and Griffith University is only 3.7km away.
Any wonder that this property is so popular for students.
Call The Edgar Natolo Team today on 0404 450 380 for an inspection.
*Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.*
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