3 bedroom home in Mount Magnet - WA in PERTH, Western Australia for sale
3 BEDROOM HOME IN MOUNT MAGNET - WA
CASH FLOW POSITIVE INVESTMENT
Current (Jan 2011) two year lease with two year option to the Government of Western Australia Department of Housing. This house is used to accommodate teachers or police stationed in the town.
Rent is $220 per week or $11,440 per year.
At this price on an 80% mortgage, at 7.5% pa interest rate, this house is cash flow positive.
The home has:
* Three bedrooms
* One bathroom plus one separate toilet
* Internal laundry
* Lounge and dining areas
* Covered rear verandah
* 4 split system air conditioners installed Feb 2009.
* Double lock up garage, single carport
* Carpeted throughout, lino kitchen and laundry.
* Fully fenced
The property is in the good part of town, close to shops and amenities.
I have owned this for a few years and self managed it the whole time. The property is in good condition and well maintained. I have never a rental vacancy at this property.
WA government is easy to deal with and the local council have been very helpful with trades.
Price: $125,000
