Upper Hutt, Wellington
2 x 1 bedroom units - $840 pw
Overview
About this property
Two 1 bedroom units on one 579m² Upper Hutt site with 110m² of combined floor area, generating $840 per week ($43,680 a year) in rental income. Priced at $595,000 for a 7.3% gross yield.
With two separate tenancies spreading the vacancy risk, an estimated $85 per week cashflow positive ($4,420 a year) and Healthy Homes compliance already in place, this is a simple, low-maintenance addition to a cashflow positive portfolio.
Income breakdown
| Unit | Weekly rent | Annual |
|---|---|---|
| Unit 1 - 1 bedroom | $420 pw | $21,840 |
| Unit 2 - 1 bedroom | $420 pw | $21,840 |
| Total | $840 pw | $43,680 |
Why this property
- Two 1 bedroom units on one title, two income streams from $840 per week combined rent
- 7.3% gross yield with $85 pw cashflow positive based on 100% borrowing *
- Healthy Homes compliant, with low rates of $2,409.51 a year
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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.