IP in Hoppers Crossing

[firefox]

Is this good buy for around 260K mark? Its needs new floor coverings, paint job, also few doors inside are dodgy... and replace ugly rotten pergola.
http://www.domain.com.au/Property/For-Sale/House/VIC/Hoppers-Crossing/?adid=2009307579

 

[womble66]

Is this good buy for around 260K mark? Its needs new floor coverings, paint job, also few doors inside are dodgy... and replace ugly rotten pergola.
http://www.domain.com.au/Property/For-Sale/House/VIC/Hoppers-Crossing/?adid=2009307579

Rents for similar range from $240-$280pw so even if you can get it for that I would still say its not really a good buy from a ROI as an IP as your buy/repair/upgrade costs will make it less attractive.

Just my 2 cents from afar.