Brand New Cash Positive in Wynnum West
This house and land package is based on –
Land – $395,000
Land Size – 375sqm
House Build – $311,850
House Size – 241sqm
Total package price of $706,850
Estimated Rent $710-750 per week
Available to purchase as a brand new home (eligible for first home grants) or as an investment.
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 240sqm house) – $13,900. Cost is based on first year of ownership.
Source – Prowealth Property Investment Calculator.
Subject to credit approval.
Other lots and designs are also available and prices vary.
Pictures are indicative only and may not represent the actual floor-plan or finished design.
Let us personalise this cost to hold for you, simply get in touch.