CASHFLOW POSITIVE APARTMENTS -- PERFECT INVESTMENT - $390000

Description

Offering the best in location and quality living in a pleasant suburb such as McDowall, these boutique apartments situated 10km from Brisbane CBD, will be ready to move into in April. Perfect for the owner occupier or investor, today it is a mix of high and low set brick homes catering mostly to established families and new units and townhouses. McDowall's valuable public transport network means that residents can easily access the Brisbane CBD along with the large number of amenities located within this and surrounding suburbs. McDowall is host to a range of dining options including cafe's, pubs and restaurants. Overview: 2 level boutique complex, comprising 34 apartments in total with only 9 left for sale, within 2 buildings, resident swimming pool & recreational areas complete with BBQ and is central to local parkland and bikeways, and with 2 bed and 2 bath. All townhouses span over 2 levels and come complete with single lockup garage and private balcony's or courtyards. Located just 10km for the CBD, Becks 95 is perfectly positioned with schools, hospitals, transport, shopping centres, childcare and restaurants all on your doorstep. Purchase price: $410,250 Borrowings: $428,221 (100% + costs) Interest Rate: 5.1% Rent: $390 pw $20,179 (based on 0.5% vacancy) Deductions: Interest: $21,839 Rental Exp: $ 6,774 (B/Corp, Rates, Insurance) Depreciation: $13, 639 AFTER TAX CASH FLOW: $729pa (Income) N.B: Units priced from $410,250; based on tax rate @ 41.5 depreciation (building & fittings) and loan costs on average $727 p.a. Call the office for more information about this perfect opportunity! Sustainability Declaration available in office on request