Netrealty

Plan CT28 on Lot 28 (450m2) is a 3 + 1 bedroom Home and Income

The rental forecast is based on this house (plan CT28) being built on Lot 28 at Rotokauri Rise in Hamilton. Rotokauri Rise is a 12 minute commute from the Hamilton CBD. It is also just 7 minutes from Te Rapa a major employment centre and the Base which is NZ largest shopping mall.

A recent rental property appraisals has shown the 3 bedroom side of this home will return $500 / week and the studio $275/week. ($38,750)

This is a 6.06% gross return on investment if the property is purchased at $639,000.

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 calculation is for the whole property as an investment.

At current fixed term lending rates of 4.5% on the full $639,000 purchase price the interest would be $30,105pa. When that is compared to the forecast rental return of $38,750 pa. the cash flow would more than likely be positive from day one after OPEX.
This house and land is currently available to buy as a House and Land Package for $639,000 from Signature Homes Waikato.

 

Floorplan

Click to enlarge.

Click to enlarge

 

Lot 28

LOT 28 - $639,000

house 150m2 land 450m2 Bedrooms 4
Garaging 1 Bathrooms 3

Contact us for more information

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

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