42 Pinebank Avenue, Cranbourne East
- 5
- 3
- 2
- 444 sqm
-
NEW PRICE MUST SELL $849,000-$929,000
Property Details
Fully Licensed Rooming House | Turnkey Investment | 8.2% Gross Yield delivers $1,110 per week
THE OPPORTUNITY
Seize a rare cash-flow positive investment in one of Melbourne's fastest-growing corridors. This council-registered rooming house delivers $1,110 per week ($57,720 annually) from five fully furnished, self-contained rooms—more than double the rental income of a standard single-tenancy property in the area .
INCOME BREAKDOWN
Table
Room Weekly Rent Annual Income
Room 1 $300 $15,600
Room 2 $240 $12,480
Room 3 $185 $9,620
Room 4 $175 $9,100
Room 5 $210 $10,920
Seize a rare cash-flow positive investment in one of Melbourne's fastest-growing corridors. This council-registered rooming house delivers $1,110 per week ($57,720 annually) from five fully furnished, self-contained rooms—more than double the rental income of a standard single-tenancy property in the area .
INCOME BREAKDOWN
Table
Room Weekly Rent Annual Income
Room 1 $300 $15,600
Room 2 $240 $12,480
Room 3 $185 $9,620
Room 4 $175 $9,100
Room 5 $210 $10,920
