Central Coast Lifestyle - 1 hour from Sydney
This house and land package is based on –
Land – $337,900
Land Size – 462sqm
House Build – $295,590
Total package price of $633,490
Estimated Rent $500-530 per week
Other lots and designs are also available and prices vary.
The ‘invest from’ cost per week is based on –
Separate (split) contracts for house and land), combined income of $100,000 and $45,000 with ownership split 99% to the highest income earner, midpoint of rent estimate, 2 weeks vacancy rate, $12,000 of interest costs during construction, total amount borrowed includes purchase costs, nil cash deposit, 4.6% interest only rate, council ($1,800), strata ($4,000 on units only), water ($200), building and landlord insurance of $900, and estimated depreciation benefits (2019 built 210sqm house) – $12,500. Cost is based on first year of ownership.
Subject to credit approval.
Source – Prowealth Property Investment Calculator.
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