A South Australian investment property purchased with $35,000 of equity from day one.

Property Type

Free standing house

State

South Australia

Settlement date

November 2024

Purchase Price

$550,000

Bank Valuation

$585,000

Day-One Equity

$35,000

Day-One ROIC*

36.84%

Gross Yield

5.4%

Loan-to-value ratio

90%

*Includes deposit, stamp duty and all settlement costs; legal fees, B&P, BA fees, government and council fees.

Vacancy rate in area

<1%

Total cash/equity used

$95,000