Budget Investment Property
Budget Investment Property in Brisbane Here’s what you can purchase for under $350,000 in Brisbane. Returns 5.3% Cash Flow Positive.
This lowest brick home is situated in Edens Landing within walking distance to Local Schools, Shops and train station.
The convenience and position of the property is unmatched with major transportation links available close by allowing 30 minutes express travel by train to either the City or the Gold Coast.
5 Minutes from the local primary school, daycare’s and Edens Parklands.
Minutes from the newly built Aldi & Bunnings, along with Woolworths and specialty shops.
10 minutes from Logan City Hospital.
Less than 10 Minutes to Griffith University Campus.
Good sized living space a kitchen with plenty of bench space and storage. Bedrooms with built in wardrobes with Ceiling fans and the added bonus of the master bedroom having its own en-suite and being fully air conditioned.The garage has a automatic roller door allowing easy access. As a bonus the property has side access and a secondary parking space.
Now for the numbers
If you borrow the full amount plus stamp duty you will need around $360,000.
At a high rate of 4.5% and paying interest only that will cost $311 per week to repay.
The rental income for these properties is $365 per week.
That’s a gross profit of $54 per week.
What do you do with the profit?
If you owe money on your own home, thats where you pay the money into. The most important financial goal you can have is to own your own home out right. If you have already paid off your home, then pay the money into the investment property and work on owning that.