This small but profitable rent roll would be an excellent addition to your existing portfolio or for an agent looking to take the next step.
The 21 properties are all managed at 9% + GST which is well above the area average.
Low vacancies and minimal arrears make this a low fuss, easy-to-maintain rent roll.
Rent Roll information
- 21 properties
- Income p.a. from management fees and rent collection $25,482
- Income p.a. from additional fees and charges $3,000
- Total income $28,482 per annum
- Average annual management income [AAMI] of $1,213.44 property
- Average management fee of 9.00%
- Average weekly rent of $258.57
Rent Roll for sale at $2.30 per $1.00 income.
Total purchase price $58,609