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.