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House

5 Corlette Street LOGANHOLME, QLD 4129

Sold on 15 Apr 2015
  • 3 Beds
  • 1 Bath
  • 1 Car
Office

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House in LOGANHOLME

Loganholme! Calling all Buyers & Investors for Loganholme!

  • 3 Beds
  • 1 Bath
  • 1 Car

This low set brick home in Loganholme, nearby to the famous Logan Hyperdome, is an ideal investment opportunity for budding investors.

On a large 600m2 lot, there is plenty of room for toys or even a man cave. Currently rented at $345 per week, this property is ready for you to secure in your investment portfolio.

Be quick, this is a low price for this style of property in Loganholme.

RPD: L73 RP149387:PAR MACKENZIE
LA: Logan City
Issue Date: Apr 07
VG Number: 00144109060000
Fee Code: Freehold
Owner Code: Private Person

The following statistics apply to Houses in LOGANHOLME*
Change in Median Price (5yrs) is 3.9%
Annual Change in Median Price (10yrs) is 4.7%
Median Asking Rent for LOGANHOLME is $365 per week
Average Days on Market is 81 days
*Based on Suburb Scorecard updated monthly. Statistics based on Jun 2014.

Rent Calculation
How to Calculate Rental Yield

House in hands 258x164
If you are considering investing in property, rental yield is a term you have probably begun to notice popping up into conversations and readings around assessing a property's investment potential. Here are some basics to help you understand what rental yield means and how to calculate it.

The property investment dream is to secure a high yield abode in a location that delivers large capital gains, a strong rental return and low management and maintenance costs. Whilst rental yields are certainly not the only consideration being able to calculate rental yield to compare properties will assist you in your purchasing decision.

Yield is a measure of how much cash an asset produces each year as a percentage of that asset's value. Yield is calculated differently depending on the type of asset but for property, the yield calculation is the percentage of rental income for the purchase price.

Rental yield can be calculated as a gross percentage, before expenses are deducted, or as a net percentage, with costs accounted for. Gross rental yield is most commonly used as it is simple to calculate and lets you compare properties with different values and rental returns easily.

Gross rental yield = Annual rental income (weekly rental income x 52) / property value* x 100

* Can be purchase or market value

In the below example the rental yield is 4.55%

Property purchase price = $400,000

Weekly rent = $350

(350 x 52) / 400,000 x 100 = 4.55%

Whilst the gross rental yield is a simple calculation to use it's important to note that it doesn't take expenses into account. A property may have a high rental yield but may also have high expenses making the rental return low when taken into consideration.

If you do want to want a more precise calculation you will need to know (or estimate) the total expenses of property including both purchasing and transaction costs (property purchase price, stamp duty, legal fees, pest and building inspections, any start up loan fees, etc.) and annual costs such as vacancy costs (lost rent and advertising), repairs and maintenance, managing real estate agent fees, home and contents insurance, strata levies (if applicable), rates and charges etc.

Net rental yield = (Annual rental income Annual expenses) / (Total property costs) x 100

There are several factors to consider when investing in property depending on your unique situation and your goals. Contact me if you have any questions or to discuss your situation.

Features:
  • Alarm System
  • Built-In Wardrobes
  • Close To Schools
  • Close To Shops
  • Close To Transport
  • Garden
  • Single Garage
Bedrooms:

3

Bathrooms:

1

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Suburb

LOGANHOLME

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