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24 Regent Street, Mount Waverley
SOLD 26 February 2024 $1,816,000
Stamp duty and ingoings estimate $110,000
Total Investment $1,926,000
5 Bed 3 Bath 3 Car
RENT $933 PW
Annual Rent $48,516
Outgoings Estimate P.A. $11,000
Starting NET RENT P.A. $37,516
Net Rent received in 10 Years *$75,264
*5% Rental Increase P.A.
10 Years Net Rent received *$471,435. EBIT
Property Value in 10 years 5.9% P.A. increase $3,213,464
RETURN $1,397,464 + $$471,435 = $1,868,899
Gross Return EBIT P.A.$186,889
Percentage Return P.A. 9.7%
110 Herbert Street Dandenong
SOLD 21 December 2023 $751,000
Development Investment $1,049,000
TOTAL INVESTMENT $1,800,000
Development Profit $354,880
Value on Completion $2,154,880
RENT $3,360 PW
Annual Rent $174,720
Outgoings Estimate P.A. $52,752
Starting NET RENT P.A. $121,968
Net Rent received in 10 years *$190,028
*5% Rental Increase P.A.
10 Years Net Rent *$1,559,980 EBIT
$1,088,545 MORE IN RENT!
Property Value in 10 years 5.9% P.A. increase $3,816,382
GROSS RETURN $2,016,382 + $1,559,980 = $3,576,362
Gross Return EBIT P.A. $357,636
OVER 100% MORE RETURN, WHICH EQUATES TO
$1,707,463 EXTRA IN 10 YEARS! = $170,746 P.A.
Percentage Return P.A. 19.8%