Every day I search the Brisbane property market for good investment properties for my clients.
Every Monday I send one out for free to give you an insight into how an investor finds and assesses properties.
Property of the Week #24 – 7th Dec 2015
Address: 35 Rogers Avenue, Beenleigh, QLD 4207
Area: Logan City Region
Property Type: 3 Bedroom, 1 Bathroom, 4 Car House
Land Size: 1,172sqm
Estimated Market Value: $260,000 (sign up below to get the full valuation report)
Listed Price: $250,000
Rental Return: $310 – $330 per week according to agent (6.4% yield)
Affordability: Cash-flow positive by $17/wk (calculated for an investor with an income of $50k/yr).
The $250k price tag and +$17/wk cash-flow just make it so affordable. On top of the great rental return, it’s on a 1,172sqm block and is listed a little ($10k) below the APM appraisal.
The rental income and tax rebates for this property offset all of the expenses and more, so it’s cash-flow positive and will cost you nothing to own and hold, putting $17/wk back into your pocket. When you consider the $250k price tag this property scores an A+ for affordability.
High capital growth potential
Here’s what Australia’s leading property researcher and Director of Hotspotting.com.au, Terry Ryder, says about the Logan City Region…
“Our research shows that affordability plus commuter train links plus proximity to jobs nodes is a powerful combination in driving good capital growth and that is part of Logan City’s appeal.
- Affordable properties
- Good rental yields
- Strong road and rail links
- Emerging industrial parks
- $600 million retirement village
- Diverse industries providing jobs
- Central location between Brisbane CBD and Gold Coast“
This property has been listed at $250,000. The estimated market value of the property is $260,000 (sign up below to get the full valuation report) which potentially puts you $10,000 in front from day 1.
Future Development Potential
This is a good investment property “as-is” and can be rented out immediately, but there is also potential to add value and manufacture your own growth in the future because it’s on a large block that has the potential to be subdivided or developed (subject to Council approval of course).
Get the full details, analysis, and research…
Join the Property of the Week Club to get the full report on this property. It includes:
- The valuation report
- The rental appraisal
- Cost calculations for an investor earning $50k p.a.
- Profile of the Logan City Region as a growth area
- Links to the resources we’ve used for our research