Want a property you can pay off in 9 Years?
How about one that pays itself off in 9 years?
This is it. At the list price it is a 11% net Return. The owner has asked us to submit all offers.
INCOME:
Apartment: $48,620
Carpark 193: $4,180
Carpark 194: $4,186
$56,966
COSTS:
Ground Rent: $12,970.24
Operating Ex: $7,463.28
Rates: $2,212.34
$22,645.86
Net $34,320.14
11% Net At the List Price
If you are an Investor this is it.