A South Australian investment property purchased with $73,000 of equity from day one.

Property Type

Free standing house

State

South Australia

Settlement date

December 2024

Purchase Price

$610,000

Bank Valuation

$683,000

Day-One Equity

$73,000

Day-One ROIC*

66.97%

Gross Yield

4.7%

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

<1.5%

Total cash/equity used

$109,000