48 Attwood Street, Mount Magnet, WA
6 Photos
Sold
6 Photos
+2
Sold
Offers over $105000
3
1
–
–
house
Sold
Offers over $105000
3
1
–
–
house
CASH FLOW POSITIVE INVESTMENT
Property ID: 214051
Currently leased to the Government of Western Australia Department of Housing. This house is used to accommodate teachers or police stationed in the town. They also have a 1 year option to extend the lease.
Rent is $220 per week or $11 440 per year.
At this price on an 80% mortgage, at 5% pa interest rate( interest only) this house is cash flow positive $5940.00 per year.
The home has;
• Three bedrooms
• One bathroom plus one separate toilet.
• Internal laundry
• Lounge and dinning areas
• Covered rear veranda
• 4 split system air conditioners installed Feb 2009.
• Double lock up garage, single carport
• Carpeted through out, lino kitchen and laundry.
• Fully fenced
• council rates $1100 pa
• Water and sewerage $360 pa
• Insurance $600 approx pa
The property is in the good part of town, close to shops, police station and amenities.
I have owned this for a few years and self managed it the whole time. The property is in good condition and well maintained. I have never a rental vacancy at this property.
WA government is easy to deal with and the local council have been very helpful with trades.
This is an ideal investment property. Just try and find a better cash flow investment at this price!
Rent is $220 per week or $11 440 per year.
At this price on an 80% mortgage, at 5% pa interest rate( interest only) this house is cash flow positive $5940.00 per year.
The home has;
• Three bedrooms
• One bathroom plus one separate toilet.
• Internal laundry
• Lounge and dinning areas
• Covered rear veranda
• 4 split system air conditioners installed Feb 2009.
• Double lock up garage, single carport
• Carpeted through out, lino kitchen and laundry.
• Fully fenced
• council rates $1100 pa
• Water and sewerage $360 pa
• Insurance $600 approx pa
The property is in the good part of town, close to shops, police station and amenities.
I have owned this for a few years and self managed it the whole time. The property is in good condition and well maintained. I have never a rental vacancy at this property.
WA government is easy to deal with and the local council have been very helpful with trades.
This is an ideal investment property. Just try and find a better cash flow investment at this price!
Features
Outdoor features
Garage
Indoor features
Ensuite
For real estate agents
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