My Cashflow Property - Real Examples of Cashflow Property

[nhg]

Where do I start...

1. Sydney, NSW (2012)
Total Cost: $383,625 (Incl. 105% LVR + Reno + Legal)
Interest rate on that amount would be $1885 / month. (5.38% Fixed rate).

So

Rent: $29,975/Y ($31,720/Y reduced by 5.5% Agency Fee)
Subtract: $22,620 (Interest) + ~$2000 (Insurance) + ~$2000 (Rates)

= $3,1720 Cashflow+

2. Sydney, NSW (2012)
Total Cost: $346,500 (Incl. 105% LVR + Reno + Legal)
Interest rate on that amount would be $1649 / month. (5% Variable).

So

Rent: $24,570/Y ($26,000/Y reduced by 5.5% Agency Fee)
Subtract: $19,789 (Interest) + ~$1100 (Insurance) + ~$1000 (Rates)

= $2,681 Cashflow+

3. Sydney, NSW (2013)
Expected... (Just starting granny flat)
Will be about $3.5k Cashflow+

 

[neK]

None in Tas ?

 

[mumbai]

Where do I start...

1. Sydney, NSW (2012)
Total Cost: $383,625 (Incl. 105% LVR + Reno + Legal)
Interest rate on that amount would be $1885 / month. (5.38% Fixed rate).

So

Rent: $29,975/Y ($31,720/Y reduced by 5.5% Agency Fee)
Subtract: $22,620 (Interest) + ~$2000 (Insurance) + ~$2000 (Rates)

= $3,1720 Cashflow+

So, you are getting $600+ pw for a $383K property. Well done!

 

[nhg]

So, you are getting $600+ pw for a $383K property. Well done!

That is $600/week net rent.

My last one will be $567/week net rent for $341k.

Come on guys, I happen to know a lot of you have much better examples than these.

 

[Blacky]

Are your figures based on "at the time of purchase"?

I had a property which I paid $220k for renting at $450/wk. However, I paid $220k 10years ago. Property today is worth about $450k.

Just curious.

Also I dont understand the purpose of this thread entirely? Are you trying to sell me a service?
Or is it to stoke a fire from another thread involving a superhero BA (whos not a BA)(or is he?)

 

[BLTN]

How the hell do you find these sorts of yields at these prices?!

Am I just in the wrong state?

 

[nhg]

Are your figures based on "at the time of purchase"?

I had a property which I paid $220k for renting at $450/wk. However, I paid $220k 10years ago. Property today is worth about $450k.

Just curious.

Also I dont understand the purpose of this thread entirely? Are you trying to sell me a service?
Or is it to stoke a fire from another thread involving a superhero BA (whos not a BA)(or is he?)

I added the year of the purchase in the original post.

I don't do a BA service. It seemed from the previous thread, people want to see real life examples of CF+ properties. I know a lot of investors on this forum are still picking them up by the dozen in metro areas even with prices 'so high'.

I can still go to Western Sydney and pick up almost any property and make it CF+. I'll just go broke when interests rates go back up to the long term trend of 8%.

 

[weg]

I added the year of the purchase in the original post.

Could you supply the postcode so we can have a look?

 

[Ace in the Hole]

If we had no money down on our properties accumulated in the last few years, we'd be very slightly negative which is fine by me.
The 20% + costs we have put down make them positive.

Our real "cashflow" at around 10k/month comes form tax returns generated mostly by property "losses".

 

[Truly Exotic]

you really need to do yield/cashflow projections based on 100% finance,

if you have gone 80% LVR then thats a cashflow issue that each person is different,

no point doing a $10k loan on a $300k property and getting 150% yield

 

[nhg]

you really need to do yield/cashflow projections based on 100% finance,

if you have gone 80% LVR then thats a cashflow issue that each person is different,

no point doing a $10k loan on a $300k property and getting 150% yield

Not sure if that was a general comment or not.

I based it on 105% finance + renos and legal. So essentially every dollar put in to buy the place and get it rented at the stated price.

Rent was then reduced by the agent rate and all fees and charges deducted.

My actual ROI on current LVR is more like $9k CF+ on each property.

 

[oc1]

Not sure if that was a general comment or not.

I based it on 105% finance + renos and legal. So essentially every dollar put in to buy the place and get it rented at the stated price.

Rent was then reduced by the agent rate and all fees and charges deducted.

My actual ROI on current LVR is more like $9k CF+ on each property.

Nice work mate. Coupled with debt reduction down the track and you're laughing!

Oscar

 

[Beanie Girl]

Hi nhg, just trying to calculate the figures, is stamp duty included anywhere or do we just leave it out as a 'cost of doing business' ?

 

[nhg]

Hi nhg, just trying to calculate the figures, is stamp duty included anywhere or do we just leave it out as a 'cost of doing business' ?

All costs were included in the total costs. That's why 105% LVR. the 5% is the stamp duty and fees.

Seriously no other posters? I was talking to some people about their purchases recently this year that were CF+ cashflow by quite a bit.

 

[nhg]

Nice work mate. Coupled with debt reduction down the track and you're laughing!

Oscar

Thanks OC1.

I'm actually heading into subdivisions and development next. Hopefully you don't mind me asking you plenty of questions over the next few months.

I got bored of buy-reno-hold pretty quick. Now that I have the base assets to afford it, time to step up. It's now pretty easy to see now how you can grow your portfolio at an exponential rate. (Or loose it).

 

[BLTN]

Not sure if that was a general comment or not.

I based it on 105% finance + renos and legal. So essentially every dollar put in to buy the place and get it rented at the stated price.

Rent was then reduced by the agent rate and all fees and charges deducted.

My actual ROI on current LVR is more like $9k CF+ on each property.

That really is quite nuts.

Maybe I do need to start looking interstate.

 

[mumbai]

Thanks OC1.

I'm actually heading into subdivisions and development next.

All the best. Hopefully, one day I will head that way.

 

[D_One]

I'm guessing each of these properties all had granny flats?

 

[baby blue eyes]

2148 postcode

2011 .....480k including purchase costs ( stamps etc) and Reno and gf build $770 rent per week

2012 ..... 455k as above rents 710 per week

Value for both now in excess of 600 easily. Bank refi at 550k ea

 

[D.T.]

How the hell do you find these sorts of yields at these prices?!

Am I just in the wrong state?

Yeah