All Topics / General Property / Cashflow Positive Property

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  • Profile photo of mba422mba422
    Participant
    @mba422
    Join Date: 2012
    Post Count: 19

    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, 5 months ago by Profile photo of mba422 mba422.
    • This topic was modified 10 years, 5 months ago by Profile photo of mba422 mba422.
    Profile photo of DwightDwight
    Participant
    @bigvman
    Join Date: 2002
    Post Count: 42

    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

    Profile photo of mba422mba422
    Participant
    @mba422
    Join Date: 2012
    Post Count: 19

    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, 5 months ago by Profile photo of mba422 mba422.
    • This reply was modified 10 years, 5 months ago by Profile photo of mba422 mba422.
    Profile photo of bm17bm17
    Participant
    @bm17
    Join Date: 2010
    Post Count: 47

    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?

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711

    House.ksou.cn should list the rental price of the property.

    Profile photo of mba422mba422
    Participant
    @mba422
    Join Date: 2012
    Post Count: 19

    bm17

    I phoned the agent.

    Purchase price $115000
    Current lease $210pw
    Yield 9.5%

    Cheers

    • This reply was modified 10 years, 5 months ago by Profile photo of mba422 mba422.
    Profile photo of DwightDwight
    Participant
    @bigvman
    Join Date: 2002
    Post Count: 42

    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

    Profile photo of mba422mba422
    Participant
    @mba422
    Join Date: 2012
    Post Count: 19

    Cheers Dwight, good post

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