575k Duplex with $16,000+ Positive Cash flow

$575,000

Purchased for only 575k, this can be rented out for up to $750 per week, which is a huge 6.78% rental yield and between $13,500.00 - $16,100.00 of positive cash flow every year.

5 bedrooms, 3 bathrooms, 2 car garage & 2 car ports in total on a MASSIVE 669m2 block of land.

These properties brand new are selling for $780,000!!+ (At 575k we're buying below replacement cost).

This great condition Duplex is only 5 years old and incredible low maintenance. It's in a newer estate and located in a major growth corridor - 35 minutes to Brisbane CBD.

This property offers:

• Massive depreciation benefits, on average of $6,000 - $10,000 per year

• Growth potential - even at 5% per annum could be $22,000

• $60,000 under comparable available properties in same location