All Topics / Help Needed! / positive cashflow of 20000 pa

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  • Profile photo of 1428 12391428 1239
    Participant
    @1428-1239
    Join Date: 2009
    Post Count: 18
    April 6, 2009 - 5:59 am

    found a property leased until 2017 with 20 000 positive cashflow pa, anyone interested? purchase price 639 000

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 6, 2009 - 7:23 am

    What is it zoned, location, land area, quality of tenant and rent reviews to start with.

    Richard Taylor | Australia's leading private lender

    Profile photo of SHalesSHales
    Member
    @shales
    Join Date: 2007
    Post Count: 325
    April 6, 2009 - 10:46 am

    and when you say positive cash flow, at what LVR and interest rate are you  talking?  Are you talking gross or net positive cash flow?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 6, 2009 - 12:40 pm

    Sounds like a flip to me hence the reason we havent had a response to our questions.

    Richard Taylor | Australia's leading private lender

    Profile photo of 1428 12391428 1239
    Participant
    @1428-1239
    Join Date: 2009
    Post Count: 18
    April 6, 2009 - 1:06 pm

    sorry guys have been busy.

    its residential, its in karratha and its tenanted by defence housing for 1200 a week, mortgage repayments at average 6% giving cash flow of 20000pa roughly.

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