Set and Forget Gem Close to the Beach

The Details

Location: Northern Queensland

Type:   Residential

Purchase Price: $410,000

Current Rent: $480/wk

Rental Yield: 6.09%

Vacancy Rate: 0.83%

Why we love this property

Located in a tightly held suburb

Great balance between cash flow and future growth as it is only early in it’s growth cycle

Low maintenance, set and forget investment

Strong yield

Rental stock is extremely tight in this area