At this address is a unit on a lot in 2/SP260676 Ooralea QLD. Based on comparable properties, we estimate its value at $445,000. Constructed in 2013, it has 4 bedrooms, 4 bathrooms.
Perfect Investment Property with a great Rent Return - This property will pay for itself in no time This home has been designed for the smart investor. 4 Bdrm each with their own ensuite and turn key door.This means that you can rent the rooms out and each tenant will be able to lock their own room so the other tenants cannot access thier room. The property is modern and spacious. Conviently located to the Mackay Industrial Area and walking distance to Ooralea shopping centre. There is a seperate toliet downstairs modern kitchen, Double lock up garage, visitors parking an ample on street parking. This property would also be suitable for an Air b n b. An owner occupier could rent the rooms out and have the property pay for itself. Now lets look at the maths. Here are some estimates based on the current interst rates * Subject to change.Rooms can rent for aprox $180 pw thats around $720pw Here are some sample scenarios. Based on your deposit amount 12% deposit borrow interest only loan @ 4.19% and your repayments are aprox $363 pw 10% deposit & principal & interest loan @ 3.69 % and your repayments are aprox $488 pw5 % deposit & principal and interest loan @ 5.44 % repayments are aprox $650 pw The figures speak for themselfs this property will pay for itself and can even support an owner occupier living in 1 of the rooms.We can put you in contact with 1 of Mackays Morgagte brokers to crunch the number yourself. This property is for the smart investor or owner occupier. Features4 bdrm 41/2 bathroom Modern and spaciousGarden shedGrat Location - Walk to shopsDouble lock up Garage1 of 3 in complex Call Cassy to Inspect todayProperty Code: 399