Cash-Flow Friday Returning 6.6%

 

lounge

 

Rockhampton is a city in the Rockhampton Region, Queensland, Australia.[3] The estimated urban population of Rockhampton in June 2015 was 80,665, making it the fourth largest city in the state outside of the major urban areas of South East Queensland. Rockhampton hosts a significant number of governmental, community and major business administrative offices for the central, coastal part of the state.

Rockhampton experiences over 300 days of sunshine each year,[4] which lends itself to tourism activities all year round and an abundance of outdoor activities. Popular attractions include Riverbank Parklands, a riverfront parkland attraction located on the banks of Fitzroy River; the Capricorn Coast, the coastal strip between Yeppoon, Emu Park and Great Keppel Island, a large neighbouring island off the Capricorn Coast, the vast majority of which is national park. More info at https://en.wikipedia.org/wiki/Rockhampton

 

Sale price $158,000
Deposit – $31,600
Loan – $126,400 @ 3.79%
Repayments – $147 PW 
Rent – $200
Rates and Levies $29 p/w
Cash Flow $24 PW

Interest only 5 years
Loan $149,000 @ 3.79%
Repayments $117 p/w
Rent $200 p/w
Rates + water $29  p/w
Cash flow $54 p/w
Gross asset return = 6.6% 
Gross return on investment ($31,600) deposit = 32.9%
Net ROI = 8.8%

 

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Phil

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