Palmerston North
3 bedroom - $620 per week
Overview
About this property
A 3 bedroom, 1 bathroom home in Palmerston North with 119m² of floor area on a 1/4 share of a 1,488m² site, generating $620 per week ($32,240 a year) in rental income. Priced at $395,000, it sits $80,000 below its CV of $475,000.
With an 8.0% gross yield and an estimated $110 per week cashflow positive ($5,720 a year), this is a low entry point into a cashflow positive investment, and it is already Healthy Homes compliant.
Why this property
- Priced at $395,000, $80,000 below its CV of $475,000
- 8.0% gross yield with $110 pw cashflow positive after all expenses, based on 100% borrowing *
- Healthy Homes compliant, with low holding costs: council rates $2,818.88 pa and insurance $1,700.00 pa
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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.