Looking for an investment property that can provide you with some non taxable rental income? Look no further ! This cute petite townhouse not only tick all the boxes in terms of location, cash flow, 6.5% ROI but you will also get a total of $11,124.07 NRAS incentive from the government each year and it's a non taxable income. This exceptionally well maintained 7 years young 3-Bedroom townhouse is situated in a quiet and small complex opposite Rainbow Park. Immaculately presented you will surely be impressed at how well the tenants have maintained the property looks like NEW! This is an excellent option for you in receiving a rental income plus NRAS Incentive yearly payment with exceptional tax benefit. At such an affordable price point, this home is also a great entry level for small family or buyers who are downsizing or if you are a First Home Owner then you get to enjoy Free Stamp Duty buying a property below $500,000. Current lease already expired but existing tenants are more than willing to stay on. As the new owner you will be receiving $11,124.07 (non taxable) each year if you opt to be in the NRAS scheme. It is not a compulsory scheme hence, you can also buy it, live in it or just rent it out as an ordinary investment property. Current market rental can substantiate a rent of $360/week. The NRAS agreement has 3 more years to its expiry date. This property offers: · 3 large bedrooms all with built in robes Master bedroom with ensuite and walk-in wardrobe
· Spacious living and dining area with breezes flowing through from the balcony 24/7 · Open plan kitchen with lots of storage space
· Fully air-conditioned first floor
· 2 good sized bedrooms with secured sliding doors leading to the yard
· Fully fenced and low maintenance yard · Single remote-controlled locked up garage with internal laundry Income & Expenses Summary:
Income
Fixed Rental $12,428 per year ($239x 52)
NRAS incentive $11,124 per year (non taxable income)
Total gross Income per year $23,552
Total gross income per month on average $1,963 NRAS related expenses item per month
NAHC Consortium Fee $74.17 per month
Property Management Fee about 14.5% X per month on collected rent Other expenses
Body Corp approx $205 per month (including insurance, sinking fund & admin fees)
Council Rates Inc water access approx $250 per month Gross ROI (Return of Investment) = 6.5 % You are within 6 minutes' walk to Parkland Plaza local cafes,shops, restaurants and parks. There is a bus stop at your door steps. Short access to Logan Motorway and M1 Motorway connecting Gold Coast and Brisbane. This property offers easy access to the following key communal facilities and locations: · 10 mins walk (800m) to Woodridge Train Station and shops all along
· 2 mins drive (1km) to Logan Central Plaza shopping and library
· 5 mins drive (4km) to IKEA
· 6 mins drive (5km) to Football Queensland and Logan Ruby Club
· 8 mins drive (6km) to Meadowbrook Golf Club
· 10 mins drive (7km) to Logan Hospital
· 10 mins drive (7km) to Griffith University Logan Campus and TAFE Loganlea Campus
· 12 mins drive (10km) to Westfield Garden City
· 23 mins drive (26km) to Brisbane City via M1 Disclaimer: All above information have been supplied to the best of agents' knowledge and to be deem correct at point of advertisement. This is only for the sole purpose of facilitating the sale of the property concerned. These information should not be used for any legal / loan purposes. All buyers are advised to do their own due diligence prior to entering into any contracts. With so much to offer, this property will not last long! Call Listing Agent. Open Home: Saturday 26 Feb 2022 @ 10.30 am 5 March 2022 @ 10.30am Listing Agents: Lynda Lim 0406 233 888 megahomes@remax.com.au Jacky Chu
0401 938 889
jacky.chu@remax.com.au
