Petone - 11 Bedroom - 10-11% Yield

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Petone, Wellington

11 Bedroom - 240m2 - $2,745 pw - 10-11% Yield

11 Bedrooms · 3 Bathrooms

Price

By Negotiation

10.0% - 11.0% Yield
Rental $2,745 per week - $142,740 p.a.
11 Bedrooms - 3 Bathrooms
Extra room that could be rented
240m² Floor Area (205m² + 35m² Garage + Sleepout)
Solid Weatherboard Construction with Iron Roof
Healthy Homes Compliant
Central Petone - 15 mins to Wellington CBD
Cashflow Positive $900 - $1,300 per week after all expenses *

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10-11%

Gross yield

$2,745

Weekly rent

$900-$1,300

Weekly cashflow

      Why this property
      11 bedrooms across two dwellings - maximum rental income
10-11% gross yield - exceptional cashflow from day one
$900-$1,300 pw positive cashflow after all expenses
Solid construction - low maintenance weatherboard and iron roof
Healthy Homes compliant - rent ready immediately

    

Overview

About this property

Located in Petone, close to waterfront and all amenities, only 15 mins to central Wellington. Access to multiple bus routes. Solid weatherboard construction with iron roof, Healthy Homes compliant. Extra room that could be rented for additional income.

The numbers

Financial summary

Purchase price	By Negotiation
Weekly rental income	$2,745 pw
Annual gross income	$142,740 pa
Gross yield	10-11%
Bedrooms	11
Bathrooms	3
Floor area	240m² (205m² + 35m² Garage + Sleepout)
Land area	392m²
Council rates	$5,576 pa
Insurance	On request
Cashflow positive	$900-$1,300 pw

* Figures to be used as a guide only.

Why this property

About this property

Financial summary

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