Featherston
5 bedroom + 3 bedroom
Two houses · 377m² floor area · 1,085m² land
Overview
About this property
A multi-income Featherston property comprising a 5 bedroom, 2 bathroom house and a 3 bedroom, 1 bathroom house, generating $1,835 per week in combined rental income across 377m² of floor area on a 1,085m² site.
With two self-contained houses on one title, this property offers diversified tenancy risk and strong day-one cashflow. Suitable for investors seeking a multi-income Featherston asset.
Two income streams
| Configuration | Weekly rent | Annual |
|---|---|---|
| 5 bedroom, 2 bath house | $1,265 pw | $65,780 |
| 3 bedroom, 1 bath house | $570 pw | $29,640 |
| Total | $1,835 pw | $95,420 |
Why this property
- 10.0% gross yield with $400 pw cashflow positive after all expenses, based on 100% borrowing *
- Two dwellings on one site: 5 bedroom, 2 bathroom house and 3 bedroom, 1 bathroom house
- $95,420 annual gross rental income across two self-contained houses
- Priced at $895,000 against a CV of $1,020,000
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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.