3 Seaview Terrace TIMARU CENTRAL, Timaru District

Falling interest rates means there has never been a better time to buy this sound investment for the future.
Three x 2 bedroom flats all with there own garage and only a stones throw from the CBD. Good tenants currently in place. These flats also have individual titles so there are possibilities for the future to sell individually.
Income $455 per week, $23,600 per year,
Costs
Rates $3837.05
Insurance $900.00
Maintenance $1000
Mortgage on $265,000 @ 5.5% interest only $14,560
Total costs $20,297.05
Cashflow positive $3362.95 with potential to make this an even better return.