9.8% Rental Return - KaChing!!
Text '47CAMM' to 0472 880 252 for all property information.The Possibilities Available with this property are endless. On one hand The Savvy Investor will reap Un Paralleled Rewards. On the other hand, The Home Owner / Sometime Investor has a Great Option. Yet another possibility is Total Home Ownership with a fully self-contained Granny Flat or Adult Child Unit.Let me break it down for you:Option (1) - INVESTORLet it run its course as is, 2 x NRAS Incentives for the property (2021/22 $ 11,124 EACH incentive) The Main 3 Bedroom, 2 Bathroom House is currently rented at $322 per week expiring in Feb 2022. Add to this an Annual Incentive that equals a further $213.92 per week. This totals $27,868 Gross Income Per Year.Then We add the Unit. Currently Rented at $193 per week expiring in Oct 2021. Again we add the Annual Incentive that equals a further $213.92 per week. This time totalling $21,160 Gross Income Per Year. Combined that's a Massive $49,025 Per Year in Gross Income - Wow!2021/22 NRAS Incentive PaymentThe DSS has now released the full incentive amounts for the 2021/22 NRAS Incentive payment.The Federal RTOC for 2021/22$8,343.05The State/Territory NANE for 2021/22 $2,781.02Total Incentive value$11,124.07OPTION 2 - FIRST HOME BUYER OR EXISTING HOME BUYERThe ability to retain only (1) Incentive, either house or granny flat and live in the other as an owner/occupier - let the incentive and rent pay the mortgage!OR OPTION 3 - FULL OWNER/OCCUPIERDrop both incentives off and live in the house completely. The Unit can then be used as a Granny Flat or a Private Place for an Adult Child to call their own. With the current Rental Shortages, this Option would be perfect as a way for a child to have Independence will finding their feet in the World.As I said, the possibilities are endless! Features:-Two homes for the price of one! -Fully separate rentable income in the granny flat -Granny flat has 1 bedroom with ensuite bathroom and BIR. -Laundry room, kitchenette, living areas, private verandah and courtyard -Main home has two front facing bedrooms, master with ensuite -All bedrooms include a mirror fronted built in robe, tiles and A/C -Open plan living and dining areas with tiled flooring and large windows -Kitchen includes banks of built in storage and plenty of prep areas to work from -Sliding doors from the living room through to the verandah -Private courtyard entertaining areas with loads of lawns for the kids and pets to play -Storage unit in the carport with parking space for at least 2 - up to 4 Around the Suburb: -Ride to a local parks with play areas for the kids -Primary School options nearby in Johnston with public options in Bakewell -Nearby to major retailers, employment options and takeaway meals -3 minutes from the Palmerston CBD, markets throughout the Dry Season Council Rates: Approx. $1845 per annumArea Under Title: 800 SQMZoning: LR (Low Density Residential)Building Report: Available on requestPest Report: Available on requestSettlement period: 45 DaysDeposit: 10% or variation on requestEasements as per title: (none found)
