Reduced from $485,000 to $440,000.
This dual occupancy home was completed late 2017 and is tenant-ready. Suits SMSF buyers wanting the annual $22,228 in tax free cash and tax incentives each and every year for the next 8+ years.
Situated 424k’s distance to the Perth CBD this brand new home includes 2 x 8.5 Yr NRAS incentives from Questus.
Geraldton has a resident population of 37,000 people.
Rents (based on rental valuations Feb 2018):
2br market rent $200pw less 20% NRAS disc = $160pw
1br market rent $160pw less 20% NRAS disc = $128pw
Total NRAS rents $288pw + $427pw NRAS value = $715pw or $37,180pa
12-Month property growth as at January 2018 – 20.08% source CoreData
Gross rental yield – approx 8.45%
Weekly expenses including 2 x property management, 1 x insurance, 2 x Questus fees, 1 x council and water rates – $126
Stamp duty payable $15,342
Estimated Annual Cash Positive after all expenses of $17,000+ (based on $82,500 income pa)
Estimated Annual Tax Savings of $28,600 (includes negative gearing and NRAS tax benefits)
Contact Robert on 1300 859 075 for full details on this opportunity.