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  Norrish Property Consultants Ltd
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Rotorua - Triple Treat - Cashflow Positive Portfolio Listing: LS4013
$799,000
 
 
Property Profile

3 x STANDALONE 80sqm WELL-MAINTAINED CASHFLOW-POSITIVE PROPERTIES

24A, 24B AND 24C Gordon Rd, ROTORUA

 

 Listing Price $41,000 below New Current Registered Valuations of $280,000 each House = $41,000 Instant Equity ( over $13K each property)

 

DO THE $MATH$:
* Rental Income $56,500/year ($1085/week)
* Est Mortgage (70%LVR @ 5% Int): $29,000/year
* Rates $2420/$2460/$2430pa


* Practically the perfect gold-standard Yield of 7%

HAS THERE BEEN A BETTER TIME TO INVEST?
* Mortgage interest rates lowest since World War II !
* Banks returning back to 70% LVR approvals on Rentals
* Rotorua has highest 5-year capital gain for entire Waikato/BOP regions
* NO signs of the market slowing down 
* Chronic shortage of rentals (so Landlords able to pick great tenants)
* And remember, it can be safer to own three inexpensive rentals than one expensive rental

 

MORE PROPERTY SPECIFICS:
24a - Lockwood Initial home with semi-closed-in carport & small deck
24b - Conventional house with roomy deck and roomy carport
24c - Lockwood Initial Home with small deck and roomy garage


Each Dwelling has a 1/6-share of 2911sqm
Insulation Compliant - Tick
Heating Compliant - Tick

All respectful responsible Tenants all keen to stay and a great Property Manager to look after your investment if required. Motivated vendors are ready to move on to their next property, so call Debbie now on 021 810011 to secure this investment portfolio gem


 
Contact Details

 

Ph: (07) 543 0039

 
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