This property was purchased off market for $520,000. This is the second property secured with TPW this year. Both properties secured off market. Comparable properties one street over have sold for $540,000 on far smaller pieces of land. Minimum $20,000 equity on the way into the deal. Rental appraisal on this property is $520 per week making this a 5.2% gross yield.
This property was built in 2019 and has extremely strong depreciation on the property.