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.
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.
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.