GOLDEN DOOR HEALTH RETREAT CHALET - $97000

Description

Fantastic investment opportunity! This chalet is located in the successful Golden Door Health Retreat in Willow Vale and offers investors a very rare positive geared property with secure income source. The Golden Door is your tenant by way of a registered lease which means it is permanently tenanted.(you cannot live there yourself). Payments are transferred monthly to you and as a bonus you can stay at the Golden Door using either package of: 2 week stay and pay for what you use or 1 week stay with full Golden Door program Monthly income = $1,115.32 Less Monthly Expenses Body corporate = $292.75 Council rates = $115.48 Management fee = $78.00 Building Insurance = $41.17 NETT INCOME APPROX: $587.92 Loan Repayents aprrox $441.35 if borrowing $97,000 interest rate of 5.46% Positive Cashflow of approx $146.57 plus an investment that is being fully paid in the long term. As this is a resort investment, banks will loan 60% of its value, you will therefore need the balance of 40% in cash or equity in another property. There are no other expenses, so do your sums and secure your positive cash flow investment now! Please contact the exclusive marketing agent listed below to arrange an inspection of this Chalet.