Cashflow Positive Property

Viewing 8 posts - 1 through 8 (of 8 total)

mba422
Participant
@mba422
Join Date: 2012
Post Count: 19
May 29, 2014 - 11:45 am
Hi Everyone
Cash flow positive property for sale in Kempsey. It has a current yield of 10% and has a long term quality tenant in place. Price is 119,000 or nearest offer.
http://www.realestate.com.au/property-house-nsw-west+kempsey-116806983
- This topic was modified 10 years, 7 months ago by mba422.
- This topic was modified 10 years, 7 months ago by mba422.
Dwight
Participant
@bigvman
Join Date: 2002
Post Count: 42
May 29, 2014 - 12:24 pm
Is this a property you’re offering for sale?
I’m not sure if the forum’s quite the right spot, but good luck.
Dwight
Cashflow Positive Investor
mba422
Participant
@mba422
Join Date: 2012
Post Count: 19
May 29, 2014 - 12:31 pm
BigVman
This is a property for investors seeking cash flow positive property. I discovered the property on realestate.com.au when doing research in the area. If it fits your investment strategy take a look.
http://www.realestate.com.au/property-house-nsw-west+kempsey-116806983
Cheers
- This reply was modified 10 years, 7 months ago by mba422.
- This reply was modified 10 years, 7 months ago by mba422.
bm17
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@bm17
Join Date: 2010
Post Count: 47
May 29, 2014 - 5:08 pm
Interested to understand how you know it has a current yield of 10% when there is no mention of what the property is rented for on the ad?
jmsrachel
Participant
@jmsrachel
Join Date: 2012
Post Count: 711
May 29, 2014 - 5:22 pm
House.ksou.cn should list the rental price of the property.
mba422
Participant
@mba422
Join Date: 2012
Post Count: 19
May 29, 2014 - 5:55 pm
bm17
I phoned the agent.
Purchase price $115000
Current lease $210pw
Yield 9.5%
Cheers
- This reply was modified 10 years, 7 months ago by mba422.
Dwight
Participant
@bigvman
Join Date: 2002
Post Count: 42
May 30, 2014 - 9:15 am
Sorry mba,
for some reason I thought it was your property.
I don’t know about Kempsey as an area or what yields are generally.
I can say that are the kinds of number that I’ve found and would lead me to consider the property as having good potential as a CF+ deal.
I would always get to know the area, physically, at the street level before I purchased.
You can always put in an offer to secure purchase with a ‘due diligence’ clause – something like “The property must meet the buyers expectations in every way etc etc’
I would seek the local (state level) solicitors advice to get it right, but the principal is that you can crunch the numbbers and put in an ofer that suits you. THEN if you get an acceptance you can spend time and effort to verify your assumptions.
Cheers,
Dwight
Dwight
Cashflow Positive Investor
mba422
Participant
@mba422
Join Date: 2012
Post Count: 19
May 30, 2014 - 10:54 am
Cheers Dwight, good post