Land Gives 108k Equity Gain plus Rents Up
Land and Construction is a fantastic way of adding value to your portfolio but for some investors out of reach when it comes to our buying power.
Sometimes you can get into a great area and build a smaller house. We chose a 3 bed 1 bath 1 car house which made it affordable for the investor and also for the tenant. There were many 4 bed 2 bath 2 car properties however the undersupplied niche was 3 beds in this great location.
As you can see with results below it paid off a $108,500 equity gain and rents up over 6 years is a great result!
Deal Details
Property Type: House and Land
Property Attributes: 3x1x1
Purchase Date: 8/05/2012
Purchase Price: $248,000
Latest Value: $356,500
Price Range: $263,500 – $356,500
Equity Gain: $108,500
Rent Now: $312.00
Rent Range: $290/W – $334/W
Yield: 6.54% on debt
How we chose this property:
Infill Land
Great location
Land content
Affordable pricing
Fantastic builder
Good yield
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