Off market Dual Income Purchase

About the client: Single mum with 3 Kids, on a single income and after positive cashflow, capital growth and value add for instant equity.

  • Location: Tasmania
  • Land size: 895m2
  • Strategy: Purchase a double-story house that has 3 bedrooms upstairs and 2 bedrooms downstairs all self-contained to rent separately. Two tenants and two rents in a single property.
  • Potential to build another house at the back in the near future and strata title and increase the cash flow and equity.

Let’s talk numbers

  • Asking Price: $355K
  • Negotiated price: $340K
  • Client Saved: $15K
  • Total Rent for the two rentals: $550/week
  • Total rental yield: 8.4%- for a residential rental.