Netrealty

Plan CT21 on Lot 21 (600m2) is a 2 + 2 bedroom Home and Income

The rental forecast is based on this house (plan CT21) being built on Lot 21 at Rotokauri Rise in Hamilton. Rotokauri Rise is a 12 minute commute from the Hamilton CBD, 7 minutes from Te Rapa (a major employment centre) and the Base New Zealand's largest mall.

Similar rental property appraisals have indicated a rental return of $800/week or $40,000pa. for this home in the Rotokauri Rise location. This is a 5.57% gross return on investment if the property was purchased at $718,000.

Although part of this property would be used as the owners home in a Home and Income scenario people should consider their home to be an investment the same as banks do when they come to loan people money against their property. Our analysis is for the whole property as an investment.

At current fixed term lending rates of 4.5% the full $718,000 purchase price would cost $32,310.00 pa in interest payments. When that is compared to forecast rental return of $40,000pa the property would more than likely be cash flow positive from day one.

This property is currently available to buy as a House and Land Package for $718,000 from Signature Homes Waikato.

Floorplan

Floor plan

 

The Helena

LOT 21 - $718,000

house 160m2 land 600m2 Bedrooms 4
Garaging 1 Bathrooms 2

Contact us for more information

Campbell Tucker Campbell Tucker
Ph: (07) 958 7710
Mob: 021 985 685
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