***CASH FLOW POSITIVE*** 9% yield on asking price $254k 46 Bordesley St Christchurch

Investors this deal makes you money before tax, rent $440 rent per week. A 3 bdr house with a total seperate self contained unit with carport.
3 bdr is rented for $300 per week
Self contained unit is rented for $140 per week

Rental Information
Annual Rent (1 Weeks Vacancy Allowance) $22,440
Weekly Rent $440
Annual Management Fees (Not Managed) -
Performance Indicators
Gross Yield (PP) 9.01%
Net Yield (PP) 8.04%
Cashflow Information
Loan Repayments - $254,000.00 Interest Only 25 year loan at 6.00 % $15,240
Expenses
Rates $1,460
Insurance $500
Repairs & Maintenance $500
Annual Pre-Tax Cashflow $4,740
Pre-Tax Cashflow per week $91


This property offers three bedrooms, open plan living/dining, internal garage, plus a separate studio - open plan living/dining, bathroom, on own power source with carport. Both properties are tidy, a make over would enhance, and increase value. Zoned L2

First home buyers, a great opportunity exists at 46 Bordesley, to help off set your mortgage
The choice is yours live in one and rent the other out. Currently the studio is returning $140pw

Type & Style: House

Rooms: Open Plan Kitchen, Open Plan Dining, Open Plan Lounge, 1 Toilet(s), 3 Bedroom(s), Garage Laundry, 1 Bathroom

Car Parking:1 Car Garaging, Internal Access
Exterior Features: Deck, Clothesline
Construction: Weatherboard, Iron Roof
Property Features: 499 Sqm
Services: Mains Sewerage, Town Supply Water

Interior Features:
Electric Cooking, Stove, Ceiling Insulation, Washing Machine Taps, Drapes, Electric Waterheating, Woodburner, Laminated Kitchen Finish, Pantry, Curtains, Floor Insulation, Light Fittings, Rangehood, Blinds

Gallery