By renting out your newly built granny flat you can create an additional income stream for your family. Our fully featured granny flats make a fantastic solution to entering the property investment market and can help provide you with great returns.
We advise you to speak to your local Real Estate Agent to confirm these numbers as weekly rental rates can vary subject to demand.
Granny Flat Investment | Unit / House Investment | |
---|---|---|
Purchase Price | $100,000 | $450,000 |
Stamp Duty | $0 | $15,740.00 |
Legal Costs | $0 | $2,250 |
Total Cost | $100,000 | $467,990 |
View The Returns Of A Granny Flat | House Returns | |
Rental Per Week | $400 | $435 |
Rental Per Annum | $20,800 | $22,620 |
Annual Strata Costs | $0 | $2,300 |
Management Fee | $980 | $1,810 |
NET RENTAL | $19,820, on a $100,000 investment 19.8% per annum | $18,510 on a $467,990 investment 3.9% per annum |