Purchase Price
$430,000
Land Size
702sqm
Yield
6.5%
Ever wanted to achieve more in your life, or portfolio…
But felt like you were hitting a glass ceiling?
Well, that was the problem that Nic and Amy were facing. Like most investors, they had started out trying to build a portfolio, with the idea that it should be able to fund the future life they desired. But… they had gotten stuck. Now, don’t get me wrong, these guys are smart cookies…
But like most investors, they had reached a borrowing cap. The reality is, a wrong move on this purchase could have stopped them in their tracks.
The brief was clear:
Buy an asset which will help to get them unstuck, so they can stay on track to achieving their dream. In order to do this, we had to ensure that the property was producing surplus income, and that we had a way to “intensify” the asset to generate more equity and more cashflow. And I am delighted to share that we hit the mark.
Property #1
So let’s dig in to the stats:
- Purchase Price: $430,000
- Gross Yield: 6.5%
- Cashflow: $1,072
- Cash required for purchase: $117,167
- Months since purchase: 21
- December 2021 Bank Valuation: $500,000
- Total % Growth Since Purchase: 16.3%
- Total $ Growth Since Purchase: $70,00
- Return On Capital Invested: 60.7%
Not only that, it’s on a 700m2 corner block, has the potential to be strata titled and is in spectacular condition (cosmetically, and structurally)
So not only did we make money on the way in, by buying under market value…
And not only did we snag a cracking yield…
But the estimated value of the individually strata titled units is $280k each.
Crikey.
”⭐⭐⭐⭐⭐ “Goose and Gabi are excellent operators making the whole purchasing experience fun. They deliver excellent value for money and offer high quality advice and recommendation freely. While being very knowledgeable, they are also not afraid to say when they don't know something or need to do more research. Two words that come to mind in Dashdot’s work are humility and integrity.”
Nic and Amy
