Property : Duplex Location: Atlanta – Beltline – 5 miles to downtown Purchase Price: $110K Gross Rent: $1500 A month ($750 Each side) X 12 = $18000 Net Rent: $18000/2 = $9000 (US$) Net yield: 8.18% Equity : Approx. $90K ( at latest appraisal – property was valued at $200K) I have been keeping an eye on market and cant see any stock in market for less than $200k in same area. All Cash : USD Entity: SMSF ( when I bought this one rate was .7755 – as of today 22/12/2016 – rate is .7215) I purchased this duplex at end of Aug -2016 . We secured this deal through off market channel – it is currently rented and have stable tenants Strategy: Keep it as duplex as long as we don’t have tenants drama! Eventually, convert existing duplex in to Single Family Residence. This one ticked most of the boxes for things I look in any deal Is property paying itself?? Yes (in this case – returns 8.18%) Can we manufacture equity by adding value?? Yes Location? – few metres from school and walking distance to beltline I sold a dud one I had in Perth and Re invested funds in this deal!