This is LEASEHOLD!
We don't want to say 10% and be wrong, but according to our calculations this property is returning right around that number on asking price, and the owner is ready to negotiate!
Here are the numbers:
- 40sqm approx.
- 1-bed, 1-bath
- Ground Rent: $8,056.80/annum
- Operating Expenses: $5,476.36/annum
- Auckland Council Rates: $1,381.24/annum
- Rental Income: $400/week
- Net Annual Income: $5,887/annum
What do you reckon, do you want to make some cash? Make an offer today
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