Client Background: Miles & Sev are a young couple with three children. Miles is a busy IT professional with a sub $200k family income.
Where they were: When they came to us, they already owned a home in Sydney and they were looking to buy their first investment property. Their goal was to build a financial foundation for long term security for themselves and their family. The biggest challenge was to avoid mistakes first time investors make and pick a high growth & cash flow investment property.
What was important to them: Both capital growth and cash flow was important to them. They wanted to leverage the Property Twins network to ensure fast decision making when the right property came along that ticked their boxes.
Here is what they purchased as part of the Property Twins Buyers Agency
Property Type: 3-bedroom house
Purchase Price: $565,000
Rent: $530 per week
Rental Yield: 4.87%
Vacancy Rate (Current): 0.1%
Cashflow: Positive
Current Value: $750,000
Capital Growth: $185,000 in 12 months
Metro / Regional: Metro – 25.7 km / 28 minutes’ drive from the CBD
Renovation Required: No
Due Diligence Completed:
- Leveraged qualitative & quantitative factors to determine location, type of property, cash flow and risk-based analysis to zero in on the right property.
- Discarded lemon deals presenting hazards and high risk (avoiding key mistakes)
- Cashflow analysis completed – deal was positive cash flow from day 1 (with 29 rental applications!)
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