SOUTHERN SUBURBS (COASTAL) – POT OF GOLD! – $520,000 – SOLD

By 15 March 2017Rent Roll, WA
SOLD

This rent roll located in the rapidly expanding coastal strip close to Rockingham, is being offered for sale due to the Principal’s interstate re-location. This  rent roll is ideal to   add to your existing portfolio to boost cashflow and profitability.

The rent roll of  115 properties generates annual management fees of $220,000 is split between a net and all inclusive management fee collection basis.

The breakdown of the  rent roll is:

The portion of the portfolio on the Net Collection Basis features:
75 Properties
Annual Management Fees: $113,000 net collections
Average Monthly Fees: $9,416 net collections
Average Weekly Rental: $363 per property
Average Management Fee: 8.08% net plus ancillary fees.

The portion of the portfolio on the All Inclusive Collection Basis features:

40 Properties
Annual Management Fees: $107,000 gross collections
Average Monthly Fees: $8,900 gross collections
Average Weekly Rental: $356  per property
Average Management Fee: 14.42%

Asking Price:

$520,000- Rent Roll

For further detail please email info@realestimations.com.au