Address available on request

Price: $260,000 20% deposit = $52,000
Stamp Duty = $12,000 approx
Total cash needed = $64,000
Loan:$208,000
Interest charged @ 4.5% = $9,500
South East Water rates = $652
Body Corporate Fees = $460
Council Rates = $675
Total expenses =$11,287
Net Annual rent = $12,844 ($260/week-5%mngt fee)

Positively Geared/Profit = $1,557
PLUS DEPRECIATION

Disclaimer: Interested buyers should do their own due diligence.