Netrealty

Plan CT85 on Lot 85 (606m2) is a 3 + 1 bedroom Home and Income

The rental forecast is based on this house (plan CT85) being built on Lot 85 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 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 gross return of 5.6% if the property was purchased at $698,000.

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. Hence our analysis is for the whole property as an investment.

At current fixed term lending rates of 4.5% on the full $698,000 purchase price the interest costs would be $31,410pa. When that is compared to the forecast rental return of $38,750pa the property would more than likely be cash flow positive from day one after OPEX.

This house and land is currently available to buy as a House and Land Package for $698,000 from Signature Homes Waikato.

 

Floorplan

Floorplan

 

Lot 85

LOT 85 - $698,000

 
house 150m2 land 606m2 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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