Purchased January 2018
26 Falkland St,
Whanganui East, NZ
Initial Purchase
Initial Purchase
$454k
Done up Value
Done up Value
$525k
Annual gross rent
Annual gross rent
$41,600 **CHECK**
ROI
ROI
13.1%
About this opportunity
This is a multi Unit Rental in a great area.
We renovated the unit, and added another room to increase the rental income on the property.
The property have been fully tenanted with long term tenants
Image gallery
Before
Financials
Equity
| Purchase Price | $454,000 |
| Build / Renovation | $0.00 |
| All other costs | $85,000 |
| Total Initial Costs: | $85,000 |
| Market Value | $525,000 |
Monthly Income
| Rent | $3,467 |
| Operational Expense (@20%) | $693 |
| Management Fee (@10%) | $347 |
| Mortage (@5%**UPDATE**) | $1,518 |
| Cash Flow | $908 |