If you have seen these for sale & sold before, well things have changed and it is even more exciting! 

Located at the Golden Door Retreat in Willow Vale, offering investors a very rare positive geared property with secure income source. The property can either be leased out to anyone from the public (as a normal rental property) or you can live in this yourself making this very, very affordable home. 

This hilltop property features: 
- 2 bedrooms 
- Open plan living design 
- Split system air-conditioner 
- Bathroom with spa bath + separate toilet 
- Fully functional kitchen 
- Large outdoor balcony 
- Laundry 
- Tank water 
- Electronic gated estate 
- Facilities include swimming pool, sauna, tennis court and a gated entry. 
- Property will be sold vacant. 

Current maintenance: 
- Property needs gutters cleaned, gutter guard installed and the water tank cleaned. 
- An antenna needs to be installed for digital TV signal. Quoted amount is $398 

Live in there yourself: 
Should you wish to live in there yourself, the only expenses are body corporate fees, council rates and building insurance as below. 

Rent it out: 
Should you wish to rent this property out as as investment, below are the figures for you: 

Yearly rental income = $16,380.00 ($315 per week) 
LESS yearly expenses: 
Body corporate fees = $4,063.40 (Admin Fund $2,772.32 + Sinking Fund $1,291.08) 
Council rates = $1,844.60 
Building Insurance = $170.49 
Rental Management fee = $1,531.53 
NETT INCOME approx = $8,769.98 

Borrowing funds?: 
- Current known lenders include: Suncorp, ANZ and Bank of Queensland. 
- Due to smaller land size, banks will lend 50-60% of the sale price. Cash or equity in other property will be required for the balance. 
- Based on ANZ "Interest Only" Loan, currently at 5.88% for 30 years, borrowing 60% of sale price which is approx $72,000, loan repayments are = $4,236 per year ($353 per month) leaving a positive cash flow of $4,533.98 in your pocket!