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MTR

Aviation

Cash cows - 13.6% net returns

Aviation
MTR, 6th Aug, 2018
Luca, GentleChief, LVR and 1 other person like this.
    • Karina
      I am so jealous....LOL
      Congrats, such a cute property
    • MTR
      Thanks, its a real gem

      You did well with your last purchases:)
    • Karina
      Enjoy the cash flow! @MTR
    • Karina
      GentleChief and MTR like this.
    • MTR
      16.8% net yields, near impossible even with commercial property to achieve this in Australia
    • GentleChief
      Thanks for acknowledging @MTR - yes this property was a great purchase.
      We are only working to find the best under-market, probate & foreclosures with built-in Equity at purchase. Glad you liked this property.
    • GentleChief
      @Karina - sure we will have some great CF+ve ones coming along...
    • MTR
      Looking at comparable sales in this suburb, I expect that I have made a quick $60K and yet to close/settle on this one.

      Who says you can't get growth and cashflow... certainly can in this market

      MTR:)
    • MTR
      thanks for this link on your webpage... brilliant.... explains a lot, stock decreasing

      Competition fierce for metro Detroit homes as prices rise



      Median sale price, June 2017: $27,250

      Median sale price, June 2018: $38,500

      Percent increase/decrease: 41.3 percent

      Average days on market, June 2017: 49

      Average days on market, June 2018: 38

      Percent increase/decrease: -22.4 percent

      On-market listings, June 2017: 1,960

      On-market listings, June 2018: 1,790

      Percent increase/decrease: -8.7 percent
    • GentleChief
      @MTR Yes true - The summary is that the Detroit market was sliding since the 08 crash till 2014, moving sideways till Jan 2017 and has begun on a rather V shaped recovery since the prices are way too low. Multiple offer scenarios on almost all the entry price properties, where the nett Yields are 15% and higher...
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  • Category:
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    Uploaded By:
    MTR
    Date:
    6th Aug, 2018
    View Count:
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    Comment Count:
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