Palmerston North - 10% Yield | Cashflow Property

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Palmerston North

6 Bedroom - 200m2 - $1,410 pw - 10% Yield

6 Bedrooms · 1 Bathroom

Price

$675,000

10.0% Yield
Rental Appraisal $1,410 per week - $73,320 pa
3 Bedroom current
6 Bedroom proposed - Rent by Room
Small Reno to change to 6 Bedroom
196m² Floor area
500m² Freehold Site
$150,000 below CV
Cashflow Positive $330 per week

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10%

Gross yield

$1,410

Weekly rent

$330

Weekly cashflow

      Why this property
      196m2 house on a 500m2 section in central Palmerston North
6 bedrooms - high cashflow rent by the room strategy
10% gross yield - strong income from day one
$330 pw positive cashflow after all expenses
Priced $150,000 below CV - immediate equity upside

    

Overview

About this property

6 bedroom 2-storey house in great location, high cashflow rent by the room with rental appraisal $1,410 pw. A solid, reliable addition to any investment portfolio with strong cashflow from day one.

The numbers

Financial summary

Purchase price	$675,000
Weekly rental income	$1,410 pw
Annual gross income	$73,320 pa
Gross yield	10.0%
Bedrooms	6
Bathrooms	1
Floor area	196m²
Land area	500m²
Council rates	$5,660 pa
Insurance	$4,000 pa
Cashflow positive	$330 pw

Why this property

About this property

Financial summary

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