A Western Australian investment property purchased with $38,000 of equity from day one.
Property Type
Free standing house
State
Western Australia
Settlement date
July 2023
Purchase Price
$581,000
Bank Valuation
$619,000
Day-One Equity
$38,000
Day-One ROIC*
38.78%
Gross Yield
4.9%
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
<1.3%
Total cash/equity used
$98,000