Just Bought - 13.5% Rental Yield with $80,000 Instant Equity

michael short
Jun 5, 2024
2 min read

We Just Bought a Three-Bed Unit for $160,000 That Rents for $430 Per Week!

At 360 Buyers Agents, we are thrilled to share our latest achievement! We've recently secured an incredible investment property in Western Australia that is bound to deliver significant returns for our client.

This fantastic three-bedroom unit, purchased for just $160,000, is a perfect example of the high-yield opportunities we consistently find for our clients. Here are some key details:

Location and Features

- Location: Kalgoorlie/Boulder Western Australia

- Property Type: Three-bedroom unit

- Purchase Price: $160,000

- Rental Income: $430 per week

Why This Property Stands Out

1. Exceptional Cash Flow: With a rental income of $430 per week, this property offers remarkable cash flow. That’s a rental yield of 13.5%, which is exceptional in today’s market or any market.

2. Affordable Investment: The low purchase price of $160,000 makes this an accessible investment for many buyers looking to enter the property market or expand their portfolio.

3. Quick Capital Gain: By the time the property had settled, it was valued at $240,000, resulting in a very quick capital gain. This remarkable increase happened because we were closely observing the market trends.

We noticed that properties in the desired price range were starting to sell and disappear. New properties coming onto the market were listed at much higher prices, usually over $200,000. The existing properties that had been sitting on the market for a while remained priced around $160,000 to $180,000.

As the older properties sold, the remaining options priced between $160,000 and $180,000 became scarce. We acted quickly to purchase the last available property at $160,000. By the time our property had settled, several new listings had sold well over $200,000, which significantly lifted the value of the investment. After settlement the selling agent told us if we were to list the property again, he could get us $240,000.

4. Strong Market Demand: Western Australia’s property market has shown resilience and growth, driven by demand for rental properties.

This makes our latest acquisition not only a smart investment now but also a promising asset for future appreciation.

This acquisition showcases our commitment to finding high-value properties with strong cash flow.