Client is in the acquisition phase of building a property portfolio

Client Brief: To source an investment property on a tight budget of $260k that was less than 10 years old as the investor is an older single lady who didn’t want any maintenance issues with the property. The cash flow was very important so the property needed to be either cash flow neutral ( or better still – positive cash flow).

The property is in a small villa development of 3 and has a community strata levy of $390 per annum to insure the common driveway.

Property Details:

• 3bedrooms
• 1 bathrooms
• 2 garages

Built 2011

Purchase price: $234k
Rent: $250 per week
Yield: 5.5%