Cash Flow Positive
Here is your chance to buy a great 2 bedroom apartment (approx 49m2) in a near new building, for well below replacement cost.
Currently not rented however other 2 bedroom properties in the area rent for between $400 and $500 per week. This is a little smaller so work on the lower end and be super conservative and estimate rent at $350 pw.
The Building has a Pool and Gym which makes it popular with tenants and it is only a few minutes walk to Queen st.
The figures based on someone earning $60,000 per annum make the property cash flow positive by over $60 per week.
Cash flow positive people. Get in quick before it goes. Oh yeah….its only $190,000 beat that for a 2 bedroom
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