Senior Villa

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111111
Participant
@111111
Join Date: 2003
Post Count: 29
February 10, 2003 - 8:37 am
Does anyone invest in senior villas ?
I found a website http://www.sunnycove.com.au for investing in senior villas .
Sell price : 185 K
Rent : 445$/week
Net Yield : 6.5 %
Is it a good investment ?
111111
Steve McKnight
Keymaster
@stevemcknight
Join Date: 2001
Post Count: 1,763
February 10, 2003 - 8:39 am
Hi,
Crunch the numbers further…
At first glance it meets the 11 sec solution, but what are the management fees, vacancies etc.
Bye
Steve McKnight
**********
Remember that success comes from doing things differently.
**********
Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.com
Success comes from doing things differently
111111
Participant
@111111
Join Date: 2003
Post Count: 29
February 10, 2003 - 8:43 am
Steve
According to the SunnyCove management,
tenants are linig up.
Dou you need to know the management fee since the net yield is provided.
11111111
Leigh
Member
@leigh
Join Date: 2003
Post Count: 130
February 10, 2003 - 10:58 am
Hey guys,
I noticed the Sunny Cove advertisment also, from the last issue of API if I remember correctly. At first glance it looks good, assuming;
a) very low vacancies
b) finance can be obtained below 6.5% (difficult long term)
c) there are depreciation allowances
d) the properties are not over valued (so that you can refinance your deposit out in the near future)
With BabyBoomers starting to make an impact on retirement over the next decade, senior villas could be a wise investment avenue.
Be careful when dealing with ‘rental gaurantees’ though.