Great video mate, a little update from us, we first got our property with Ravi for $411k and a predicted rent of $450 a week. The lease runs out next month and we are now at $600 per week. The yields are fantastic, the property itself has had so much capital growth. I highly reccomend Ravi and his team
Please add Council rate about $2000-3200 + Water - $1200 to 1500 + $1200 for insurance + 7% to 9% property manager fees. Also maintenance to maintain rental yield
$500,000 investment property. Interest rates at 6.5%. Middle of nowhere in QLD. $100,000 20% Deposit to avoid LMI. $400,000 borrowed. Interest charged annually: $26,000 Interest only rent: $500/week. Rent Yield: $26,000/$500,000 = 5.2% Interest + Principal (to get 6.5% yield) = $500/week + $125/week. $6,500 year into Principal or into your pocket (pre-tax, no depreciation if it is an old property past 40 year useful life).
Please add Council rate about $2000-3200 + Water - $1200 to 1500 + $1200 for insurance + 7% to 9% property manager fees. Also maintenance to maintain rental yield
Great video mate, a little update from us, we first got our property with Ravi for $411k and a predicted rent of $450 a week.
The lease runs out next month and we are now at $600 per week.
The yields are fantastic, the property itself has had so much capital growth.
I highly reccomend Ravi and his team
Ayeeee! Thank you so much mate! Hope you’ve been well ❤️ Your portfolio is doing this 🚀
Please add Council rate about $2000-3200 + Water - $1200 to 1500 + $1200 for insurance + 7% to 9% property manager fees. Also maintenance to maintain rental yield
If we were calculating net yield in this video then we would. Only covering off gross yield 👍🏽
$500,000 investment property. Interest rates at 6.5%.
Middle of nowhere in QLD.
$100,000 20% Deposit to avoid LMI.
$400,000 borrowed.
Interest charged annually: $26,000
Interest only rent: $500/week.
Rent Yield: $26,000/$500,000 = 5.2%
Interest + Principal (to get 6.5% yield) = $500/week + $125/week.
$6,500 year into Principal or into your pocket (pre-tax, no depreciation if it is an old property past 40 year useful life).
What's your point? Good or bad?
I have no idea what the point of this comment is 😂 all of the numbers you’ve mentioned are wrong.
Please add Council rate about $2000-3200 + Water - $1200 to 1500 + $1200 for insurance + 7% to 9% property manager fees. Also maintenance to maintain rental yield
Cool new video! Love this idea BUT can you please do your normal ones too 🤞🏼🤞🏼🤞🏼☺️☺️👍🏼👍🏼
DW the usuals will be back haha
Is the property positively geared?
Hell nah!
Definitely not given it was a 90% LVR purchase.
Which LGA was this property bought in? Townsville, Bundy, Mackay, Gladstone or Rocky?
Rocky
That's not really an impressive yield!
If you are chasing yield then yes. However, this property will give an amazing capital growth return while have a strong yield. Best of both worlds 🚀
Wow