A short stroll to pristine beach and island views, at only $849,000, offers a compelling investment opportunity with strong rental returns and manageable expenses.
Spacious 6-Bedroom Coastal Retreat in South Mission Beach
Financial Overview:
• Purchase Price: $849,000
• Rental Income: $700 per night
• Occupancy Rate: 98%
• Annual Rental Income: $250,390
• Annual Expenses:
o Council Rates: $5,600
o Insurance: $5,000
o Maintenance Allowance: $5,000
o Total Expenses: $15,600
• Net Annual Income: $234,790
Financing Example:
Assuming a 10% deposit ($84,900) and financing the remaining $764,100 over 30 years at an interest rate of 7%:
• Estimated Monthly Repayment: $5,083
• Estimated Annual Repayment: $60,996
Investment Highlights:
• High Occupancy: With a 98% occupancy rate, the property demonstrates consistent demand.
• Strong Cash Flow: The net annual income of $234,790 provides a substantial return on investment.
• Tax Benefits: Expenses such as interest payments, maintenance, council rates, and insurance may be tax-deductible when the property is rented out or available for rent.
• Personal Use Flexibility: Owners have the flexibility to use the property for personal holidays, balancing investment returns with personal enjoyment.
Conclusion:
This property presents a unique opportunity to invest in a high-yield holiday rental with strong occupancy rates and significant net income potential. The combination of consistent rental demand, favourable tax considerations, and the option for personal use makes it an attractive addition to any investment portfolio.
Please consult with a financial advisor to tailor this opportunity to your individual circumstances
Experience the best of Queensland's coastal lifestyle with this expansive 6-bedroom, 3-bathroom home in serene South Mission Beach. Set on an 875 sqm elevated block, the property boasts multiple indoor and outdoor living areas, capturing sea breezes and offering stunning views. Features include a modern kitchen, air conditioning throughout, built-in wardrobes, and secure parking for three vehicles.
Located just a short stroll from a 13-kilometre sandy beach, two boat ramps, and the Kennedy walking track, this residence is ideal for families or investors seeking a spacious home in a tranquil coastal setting. With a median house price of $640,000 and annual capital growth of 9.17% in South Mission Beach, this property presents a compelling investment opportunity.
Don't miss the chance to secure this exceptional home in one of Queensland's most picturesque coastal communities. Call agent now to discuss/view.
- Balcony
- Courtyard
- Deck
- Broadband Internet Available
- Built-in Wardrobes
- Dishwasher
- Rumpus Room
