Dunedin
6 bedroom - $1,150 pw
Overview
About this property
A 4 bedroom house plus a 2 bedroom sleepout in Dunedin, giving 6 bedrooms and 2 bathrooms on a 420m² site. It generates $1,150 per week ($59,800 a year) in rental income and is priced at $695,000 for an 8.6% gross yield.
Positioned in a popular North Dunedin location, the property is within easy reach of New World Gardens, the University of Otago, local amenities and the central city - an established location for the student and rental market.
With an estimated $277 per week cashflow positive ($14,405 a year) and Healthy Homes compliance already in place, this is a strong income property from day one.
Why this property
- 6 bedrooms across a 4 bedroom house and 2 bedroom sleepout, $1,150 per week rent
- 8.6% gross yield with $277 pw cashflow positive based on 100% borrowing *
- North Dunedin, close to the University of Otago and the central city
- Healthy Homes compliant
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* Cashflow figures are based on 100% borrowing at current interest rates and after expenses including rates, insurance and property management. Individual results may vary. This information is provided as a guide only and does not constitute financial advice.